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Taiwan Imposes Short-Selling Limit After Stock Market Rout

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Taiwan Imposes Short-Selling Limit After Stock Market Rout Taiwan rolled out fresh curbs on short selling to rein in market volatility after a deepening selloff in artificial intelligence-related shares drove the island’s benchmark equity gauge into bear-market territory. The Financial Supervisory Commission capped the volume of intraday short-sale orders for borrowed securities at 3% of a stock’s average daily trading volume over the preceding 30 days, according to a statement on Friday....

Taiwan Imposes Short-Selling Limit After Stock Market Rout Taiwan rolled out fresh curbs on short selling to rein in market volatility after a deepening selloff in artificial intelligence-related shares drove the island’s benchmark equity gauge into bear-market territory. The Financial Supervisory Commission capped the volume of intraday short-sale orders for borrowed securities at 3% of a stock’s average daily trading volume over the preceding 30 days, according to a statement on Friday. That’s reduced from 30% previously.
Taiwan (LOCATION) The Financial Supervisory Commission (ORG)
Originally published by Bloomberg Markets Read original →