Financial Services Commission Announces Post-Market Close Decision on Short Selling Ban Extension
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[Asia Economy Reporter Park Jihwan] The Financial Services Commission will decide on March 3 whether to extend the ban on short selling after the domestic stock market closes. The market widely expects a three-month extension plan.
On the day, the FSC is scheduled to announce the decision on whether to extend the short selling ban after the market closes. This measure aims to minimize market impact.
The FSC initially banned short selling on all listed stocks for six months starting March 16 last year, immediately after the COVID-19 outbreak. The ban was extended once and is set to expire on March 15.
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Previously, the FSC emphasized that the temporary short selling ban would end on March 15 and officially announced the resumption. However, as the extension deadline approaches, opposition from the political sphere and individual investors has grown, making a three-month extension plan highly likely.
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