Home ›› 02 Jul 2022 ›› Stock
South Korea’s financial regulatory agency announced on Friday a series of measures aimed to stabilise the local stock market, saying they would take effect next week for three months.
The Financial Services Commission said that the stock market’s volatility continuously increased recently, and although it is inevitable for a while, there arose a need to calm market sentiment.
From next Monday, stock brokerage houses will be exempted from a requirement to hold 140 per cent or more worth of stocks for credit provided to their customers, the Commission said in a statement.
From next Thursday, listed companies will be allowed to buy more of their own stocks from the market per day than they can now, it added.
Meanwhile, authorities will also conduct special inspections on short-selling and for any possibility of market-disturbing behaviors, according to the statement.
