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Article: Asia Unlikely To Follow U.S. Short Selling Crackdown
- Article from:
- Daily News
- Article date:
- July 25, 2008
- Author:
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Copyright informationCopyright 2008 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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HONG KONG (Reuters) - A U.S. clampdown on short selling is
unlikely to reverse a decade-long trend in Asia of easing
restrictions on the sometimes-controversial practice, which market
players say has boosted trading volumes and the growth of local
hedge funds.
The U.S. move this month came almost exactly a decade after Asia
suffered its own financial crisis, spurring authorities in markets
like Hong Kong and Malaysia to crack down on short sellers to ease
pressure on local financial markets. In some cases, they imposed
tough rules that are still in force.
With their stock markets tumbling, U.S., U.K. and Australian
authorities are now in the process of tightening rules and trying to
get ...
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