-- South Korean stocks surged following a regulator’s move to reimpose a full ban on short-selling for about eight months as authorities say they are looking to stomp out illegal use of the trading tactic in order to curb market turmoil.The benchmark Kospi jumped as much as 2.7%, leading gains among regional gauges in Asia early Monday. Stocks that had seen recent jumps in short-selling positions, including LG Energy Solution Ltd. and Posco Future M Co., were among the biggest boosts.
The Kospi surged earlier this year on frenzied buying of electric-vehicle battery names and chip stocks related to the artificial intelligence theme. Concerns over geopolitical tensions and high interest rates reversed the rally in recent months, driving the benchmark into a technical correction and nearly erasing its gain for the year.The financial regulator said the market had been disrupted due to “massive” naked short-selling by global investment banks.
LAFC looks to beat Vancouver and advance to the next round of the MLS Cup playoffs on the anniversary of its championship victory last year."These are meaningful quantitative/structural arguments for why a durable bottom was formed in late October," Fundstrat's Tom Lee said.
November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end Warren Buffett's business partner trashed VCs, shared his recipe for success, and pointed out a big difference between Heinz ketchup and Kraft cheese.Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and...
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »