South Korea to Probe Global Investment Banks' Short-Selling Trades

-- South Korea’s financial watchdog plans a wider probe into short-selling trades by global investment banks in the $1.6 trillion equity market, taking a hard-line stance to root out illegal practices.Banks that have conducted short-selling trades most frequently in Korea will be subject to the investigation that would start in November, the Financial Supervisory Service said in a Tuesday statement. The regulator said it will collaborate with watchdogs in Hong Kong and Singapore for its probe.

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