South Korea to Keep Short-Sale Ban Until System Developed [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Most Read from Bloomberg These Flight Routes Suffer the World's Worst Turbulence Nvidia Rallies Anew After Rosy Forecast Shows AI Boom Is Strong Citi Trader Got 711 Warning Messages Before Sparking Flash Crash One Dead After Singapore Air Flight Hit By Severe Turbulence The presidential office's stance is to not resume short selling until there is a platform to root out naked short sales, the person said. Separately, the Financial Services Commission, the nation's financial regulator, said no decision has been made regarding the ban. The comments suggest the restrictions, which the government initially imposed through the end of June, may extend beyond that as the system is at an early stage of development. South Korea unveiled details of the short-sale monitoring platform in April, which may take about a year to be established due to its complexity. “There have been indications they do intend to lift it in due course,” Timothy Moe, chief Asia Pacific equity strategist
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