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SEOUL, Dec 1 Asia Pulse - South Korea's financial watchdog is considering banning short stock selling longer than expected as the local market remains volatile despite stabilization measures, officials said Sunday.
In September, the Financial Services Commission (FSC) said it would ban short selling "for the time being" in an effort to minimize the fallout from international financial turmoil. The watchdog also said it would raise the daily limit on share repurchases to 10 per cent from the previous 1 per cent.
When the ban ends "will depend on when the market stabilizes," an official at the FSC said, adding that the measure may be in effect until early next year. ...
Source: HighBeam Research, SOUTH KOREA MULLS EXTENDING SHORT SELLING BAN.