by Rupert Lee
Hong Kong and India have considered a revision and
introduction of short selling rules. Regulators planned to ease
restrictions on short selling rules and futures position
limits, which were introduced during the Asian financial crisis
of 1997-98 to combat massive speculation.
Hong Kong's Securities & Futures Commission intended to
remove the uptick rule, which bans short selling below the
market price, and increase the 10,000 lot position limit on
Hong Kong Exchanges & Clearing (HKEX)'s Hang Seng index
futures contract. Details, including timing of the
changes were to be announced later in the year.
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