If [South Korea goyounghun financial newspaper reporter] 27 days from the event overheating, short selling is prohibited in specified trading day.
Korea Exchange announced the introduction of a one day "short selling stocks specified system overheating. In revising the securities market, KOSDAQ, Conex business regulations and enforcement regulations, including through the development of systems and securities firms in conjunction with test plans implemented in March. It was approved last February 8 work-related securities market regulations from the Financial Services Commission Amendment.
Short selling ventilation investor attention focused on the sport and the event for the extraction requirements consider short sales, growth, share price in order to respond in a timely manner.
△ securities market short sales ratio over 20%, KOSDAQ, Conex market, 15% more than stocks △ short selling ratio in this case correspond to the requirements of such decline 5% or more stocks just before the 40 trading day average more than doubled increase in stocks △ closing price compared to short selling It is designated as overheated stocks.
Overheating, short selling stocks to specified categories consistent with the requirements of more than one days is banned short-selling transactions. However, hedging transactions for the liquidity of the stock market, derivatives, liquidity and market some of the joseongho, ELW · ETF · ETN's call, hedging transactions for the composition of the market, derivatives market allows for short selling a call with a call exceptional.
In addition, since the introduction of Single autumn sale price for 13 days or more in securities, stocks soared KOSDAQ market, Conex. If the market surveillance committee requested a signed sales methods change in order to mitigate the soaring share price surge more than categories such as temaju the event will be changed to Single autumn sale period of 3 days 30 minutes.
Even after the price may be applied in addition to Single autumn sale period of 30 minutes for 10 or more days if you continue to skyrocket. In addition, the abnormal surge in exceptional circumstances after the sale Single autumn, the change does not mitigate the additional price jehanpok, that only can be applied, including the necessary market management measures.
Since the two days except for the purpose acquisition company (SPAC) on the market for sale Single autumn target ultra low liquidity stocks on the KOSDAQ. Considering the characteristics of the SPAC increase in merger transactions in the Single autumn marketing system that is activated and implemented for the current liquidity transactions for sale at extremely low stocks fall sports destination 10 minutes Single autumn period. The SPAC listed on the Kosdaq market is excluded from the policy hagetdan liquidity evaluated for designation ultra low liquidity stocks.
In addition is the introduction of foreign integrated accounts from June to April, there will be conducted a private account system division friendship arbitrage trading.
Part exchange securities market headquarters stock market anilchan said, "Short selling is to provide information about the focused event draws the attention of investors will ease the short selling related to asymmetric information," he said "through the short-selling ban to prevent the acceleration of share prices It is expected that, "he said.
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