Seoul: Short Selling Activity in South Korean Amounted to 6.4 Trillion Won ($ 4.38 Billion) in the first week after a more than a year a year was lifted, the bourse operator said on SUNDAY. Last Monday, Short Selling was allowed for all listed firms following a suspension imposed in November 2023 after a series of naked short sell sells seling seling selies Reports Yonhap News Agency.
According to the Korea Exchange, Short Selling on the Main Kopi and Secondary Kosdaq Markets Averaged 1.28 trillion won per day, totaling 6.4 trillion won for the week.the week.The weekly from the daily average of 788.4 billion won tallied during a month just before the country banned the trading practice.
Foreign Investors Accounted for 90 Percent of the Short Selling Activity on the main kospi, while institutional investors Took up 9 percent. Last Week, The KOPI Fell 3.62 Percent to Close at 2,465.42 points on Friday, and the tech-laden kosdaq
Foreigners Sold A NET 5.86 Trillion Won Over the one-white period, marking the largest weekly net seloff since August 2021. Since March 2020, When the Authorities Banned Short Selling for Listed Firms AMID A Market Rout Cauded by the Covid-19 Pandemic.
The ban was partally lifted in May 2021 before it was reimposed in 2023. The bourse operator has developed a new system to detect any illegal practices. The Financial Supervisory Commission, The Country’s Financial Regulator, also Drew Up New Regulatory Changes.
The Financial Supervisory Service, The Financial Watchdog, Said Earlier IT will enhance market monitoring and implement measures to prevent excess of certainty Volatiity of Certain Stocks for Usths after the short selling ban is lifted.