会员登录 - 用户注册 - 设为首页 - 加入收藏 - 网站地图 Seoul shares open higher on stock short selling ban!

Seoul shares open higher on stock short selling ban

时间:2023-12-06 15:01:30 来源:slot bri link 作者:쇼핑 阅读:608次

South Korean stocks opened higher Monday as the country launched a temporary ban on stock short selling to crack down on illegal market practices by global investment banks.

The benchmark Korea Composite Stock Price Index climbed 48.16 points, or 2.03 percent, to 2,416.50 in the first 15 minutes of trading.

On Sunday, the Financial Services Commission announced the ban on stock short selling, effective starting Monday through the end of June 2024, citing concerns about growing market volatility and the illegal short selling practices undermining market stability.

In Seoul, steel and battery shares led the overall gains, with top steelmaker Posco Holdings rising 7.42 percent and leading battery company LG Energy Solution soaring 10.45 percent.

Chemical shares kicked off higher as well, with chemical giant LG Chem increasing 4.35 percent and major oil refiner SK Innovation gaining 4.74 percent.

Leading carmaker Hyundai Motor rose 0.98 percent, and its smaller affiliate Kia added 0.9 percent. Auto parts maker Hyundai Mobis moved up 0.46 percent.

The local currency was trading at 1,312.05 won against the U.S. dollar at 9:15 a.m., up 10.35 won from the previous session's close. (Yonhap)

(责任编辑:예술)

推荐内容
  • [Photo News] 2023 Sea Art Festival returns to Busan's Ilgwang Beach
  • Ampers&one hopes to seep into listeners’ hearts with positive music
  • S. Korean shares snap 3
  • PM envisions Busan World Expo's role in sharing 'rise from ashes' experience
  • GS Caltex, Posco team up on biofuel
  • Chinese beer imports plunge amid Tsingtao scandal