The Financial Services Commission said today (13th) that it would ban short selling of all listed items for six months from the 16th.

The Financial Services Commission decided to ban short-selling of all listed securities, KOSDAQ, and Connex markets for six months from March 16 (March 16 to September 15), which will hold a temporary meeting this afternoon.

The Capital Market Act and Enforcement Decree allow the Korean Exchange to limit short selling after approval by the Financial Services Commission if there is a risk of harming the stability of the stock market and the formation of a fair price.

The Financial Services Commission has also decided to expand the limit on the acquisition of treasury shares by listed companies during the same period.

It is to loosen the limit on the number of orders purchased by a listed company per day.

In addition, it was decided to exempt the securities company from obliging to maintain the ratio of credit loans for the same period in order to suppress the counter-trading of securities companies' excessive loans.

Earlier, on the 10th, the Financial Services Commission announced plans to expand the short-selling overheating targets as the first market stabilization measure, but the situation is not enough to prevent the share price from falling.

Today, 1,700 KOSPI lines collapsed, and 600 KOSDAQ indexes collapsed.

A circuit breaker was suspended in the stock market today and in the KOSDAQ market.

It is the first time that a domestic circuit breaker has been activated on the same day.

Circuit Breaker is a system that temporarily suspends the trading of stocks in order to alleviate the shock of the market when stock prices fluctuate in the stock market.

(Photo = Yonhap News TV, Yonhap News)