South Korea to extend stock short-selling ban until May 2

Bloomberg

South Korea bowed to pressure from its increasingly dominant retail investors and extended its pandemic-imposed ban on short-selling until May 2.
The ban, which had been scheduled to expire on March 15 — a year after it was put on place — will be lifted on May 3 for stocks on the benchmark Kospi 200 Index and the small-cap Kosdaq 150, the
Financial Services Commission said in a statement on Wednesday.

The extended short-selling ban on the country’s high-flying stocks will make Korea the largest market to maintain these pandemic-fueled restrictions on selling borrowed stock, which have frustrated institutional investors.