Yonhap: Korea short selling back to pre-ban levels

Short selling activity in South Korea has returned to near pre-ban levels about a month after a yearlong suspension was lifted, the bourse operator said, reported by Yonhap news agency.

According to the Korea Exchange, short selling on the main KOSPI and secondary KOSDAQ markets averaged 848.5 billion ($605.5mn) won per day between March 31 and Friday, totaling 20.4 trillion won.

The figure marked a slight rise from the daily average of 788.4 billion won tallied during a month just before the country banned the trading practice. Foreign investors accounted for 85.1% of the short selling activity, while institutional investors took up 13.7%.

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