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<ul class="news-points"> 
 <li><strong>South Korea has banned short-selling until at least June 2024.</strong></li> 
 <li><strong>Shares in South Korea rose Monday morning, with the country’s benchmark Kospi gaining 4%.</strong></li> 
 <li><strong>The reason for the ban is to appease retail investors by curbing unfair trading practices.</strong></li> 
</ul> 
<p>South Korea has banned short-selling until at least June 2024. According to multiple reports, the reason for the ban is to appease retail investors by curbing unfair trading practices and also to prepare for the upcoming election.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f0-1f1f7.png" alt="🇰🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> South Korea has banned short selling until at least June 2024.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5f3.png" alt="🗳" class="wp-smiley" style="height: 1em; max-height: 1em;"> The country had a similar ban in 2021. This time it is to curb unfair trading practices and prepare for the upcoming election.<a href="https://twitter.com/hashtag/cryptonews?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#cryptonews</a> <a href="https://twitter.com/hashtag/southkorea?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#southkorea</a> <a href="https://twitter.com/hashtag/cryptoban?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#cryptoban</a> <a href="https://twitter.com/hashtag/stocks?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#stocks</a> <a href="https://twitter.com/hashtag/nft?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#nft</a> <a href="https://t.co/DMne9odSm1" target="_blank" rel="nofollow">pic.twitter.com/DMne9odSm1</a></p>— cryptoforcrypto (@CryptoTheBoss) <a href="https://twitter.com/CryptoTheBoss/status/1721408186106720617?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 6, 2023</a>
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<p>Following the ban, shares in <a href="https://coinedition.com/tag/south-korea/">South Korea</a> rose Monday morning, with the country’s benchmark Kospi gaining 4%, while LG Energy Solution, a battery company, jumped by over 20%. Similarly, Posco Future M, a battery materials company, rose by 28%, while the technology-focused Kosdaq index gained 6%.</p> 
<p>According to reports, the ban would last until June 2024 and applies to all st…</p>
<p>The post <a href="https://coinedition.com/south-korea-bans-short-selling-ahead-of-upcoming-election/">South Korea Bans Short Selling Ahead of Upcoming Election</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

South Korea Bans Short Selling Ahead of Upcoming Election

Coin Edition

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