The Financial Services Commission has changed its position in the Donghak ant offensive… No short selling more?

The Financial Services Commission has changed its position in the Donghak ant offensive… No short selling more?
01-20 20:13

[앵커]

The controversy is hot over the resumption of short selling in the stock market, which was banned until mid-March.

The financial authorities, who repeatedly said they would resume as scheduled, changed their words a little at the demands of individual investors and politicians to continue to ban them.

Following the stock transfer tax, reporter Jo Sung-mi pointed out whether’Donghak Ant’ will win again.

[기자]

Short selling is an investment method in which stocks that are expected to fall in stock are sold by borrowing, and when the stock price actually falls, the stock is bought at a lower price to repay the borrowed stock and make a margin.

However, unlike expectations, there is a high risk of not being able to buy back, as much as the stock price rises and loses or borrowed stock.

However, it has the advantage of preventing the market from overheating and providing an opportunity to make money even if the market declines by struggling between an uptrend and a downtrend.

The problem is that a bearish market could cause a stock market crash, which is why the authorities decided to temporarily ban short selling after the KOSPI crashed to 1,400 units due to the Corona 19 incident in March last year.

The extended ban is on March 15th.

However, individual investors strongly oppose the resumption of short selling.

It is a system that is advantageous only for foreigners and institutional investors.

<정의정 / 한국 주식투자연합회 대표> “The biggest impact on the win/loss of (individual investors and institutions/foreigners) is short selling. The answer is whether short selling is banned for one year, then the system is heavily operated and (resume) or abolished.

Until recently, the Financial Services Commission maintained the position that “the ban on short selling will end as scheduled on March 15th.”

However, Chairman Eun Seong-soo changed his position, saying that there is no set yet.

This is due to the addition of the political circles conscious of the table to the opposition movement of the 7 million Donghak ants.

The market is paying attention to whether it will take the course of a failure to cut the standard of large shareholders imposed on the stock transfer tax, which was lauded by Deputy Prime Minister Hong Nam-ki last year.

This is Yonhap News TV.

Yonhap News TV article inquiries and reports: katok/line jebo23

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