Global stock markets tumbled many countries announced a ban on short selling

SMM3, March 18: South Korea's Seoul Composite Index fell more than 4 percent to its lowest level since 2010, France's CAC40 fell from a high of 6111.41 on February 19 to a low of 3632.06 on March 16, while FTSE Italy's MIB fell from 25, 000 to 15, 000 in less than a month. In order to curb the rapidly falling stock market, many countries have banned short selling in the stock market. The specific countries are as follows:

The Philippine Stock Exchange announced on the evening of March 16 that trading will be suspended indefinitely from March 17 in order to ensure the safety of traders and employees.

The chairman of the Thai Stock Exchange said on March 13 that the short selling rules would be temporarily adjusted and that the short selling rules would be applied to short selling transactions until the end of June.

South Korea's Financial Services Commission said in a statement on March 10 that it was forbidden to short "overheated" stocks for a period of 10 days. It was also announced on the 13th that from the 16th, short selling of stocks will be temporarily banned for six months. South Korea's financial regulator, the Korea Financial Services Commission, said the measure would be adjusted in the light of future developments, and that the ban could be lifted ahead of time if the market stabilized.

A ban on short selling was issued again this week after a ban on short selling was issued on Friday. Consob, the Italian securities market regulator, said in a statement that short selling was banned on all Milan stock markets for a period of three months from March 18. The ban is designed to quell "market turmoil" caused by public health events.

France issued a ban on short selling, and the (AMF), the French financial market authority, banned short selling of 92 stocks on Tuesday.

Spanish securities regulator CNMV ordered a one-month ban on short selling on Monday night local time in an attempt to protect the local stock market from volatility caused by the new crown virus outbreak. The ban came into effect on 17 March and may be extended for no more than three months as the case may be.

Belgian Financial Services Market Authority FSMA: Belgium will ban short selling until April 17.

The Financial Conduct Authority temporarily banned some short selling instruments and transactions on the 13th, but the London Stock Exchange said it had no plans to stop trading.

But the European Securities and Exchange Union (FESE) says European stock exchanges will and should remain open. Closing the market will not change the root cause of market volatility, but will only reduce the transparency of investor sentiment and weaken the ability of investors to cash out. Before the outbreak hit the market, European exchanges were already considering permanently shortening trading hours because they traded much longer each trading day than on Wall Street.

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