The Financial Supervisory Service said it’s looking at individual stocks rather than the total market to assess the seriousness of the issue. — Bloomberg
Seoul: South Korea’s financial watchdog says illegal short selling accounted for more than 20% of daily transactions in a number of stocks, and vowed to continue working on rooting out such practices.
In a statement following a Bloomberg report which showed naked short sales accounted for 0.001% of the total value of South Korean shares traded over the last two years, the Financial Supervisory Service (FSS) said it’s looking at individual stocks rather than the total market to assess the seriousness of the issue.
