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South Korea to allow short selling of major stocks from May

Lifting of yearlong ban deals blow to retail investors who opposed practice

South Korean regulators say there is no need to continue a blanket ban on short selling that was introduced to maintain market stability amid the COVID-19 pandemic.    © EPA/Jiji

SEOUL -- South Korea's financial regulator said on Wednesday it will allow traders to resume short selling of major stocks in May despite pressure from retail investors to make the temporary ban on the practice permanent.

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