S. Korea to lift ban on short selling of non-financial stocks

SEOUL, May 20 (Yonhap) -- South Korea's financial watchdog said Wednesday it has
decided to lift a ban on short selling of non-financial stocks amid signs that
global financial instability is easing.

The Financial Services Commission (FSC) imposed the ban on short selling, or sale
of shares by borrowing them in anticipation of price falls, in October to keep
the trading practice from battering the local bourse amid global financial
turmoil.
"The watchdog will eliminate a ban on short selling on non-financial shares
starting June 1. But the ban on financial shares will be retained for the time
being given uncertainty in the financial markets," the FSC said in a statement.
sooyeon@yna.co.kr
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