ASIC bans short selling, market bounces

THE Australian Securities and Investments Commission has followed the lead of regulatory bodies in the United States and Europe, and banned covered and naked short selling in an attempt to bring stability back into the market.

ASIC bans short selling, market bounces ASIC bans short selling, market bounces ASIC bans short selling, market bounces ASIC bans short selling, market bounces ASIC bans short selling, market bounces

The open of trade on the Australian Securities Exchange was delayed by an hour yesterday morning to give the ASX time to clarify the details of the statement from ASIC, and when trade opened the news

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