By: Tsai Yi-chu and Lilian Wu
Taipei, Sept. 18 (CNA) The Financial Supervisory Commission (FSC) announced Friday that a temporary ban on the short selling of stocks under certain circumstances will be lifted on Monday.
The FSC noted, however, that it will continue to keep tabs on the financial situation at home and abroad and monitor securities transactions to be ready to take other measures to stabilize the market as needed.
The ban, imposed by the FSC on Aug. 24, prohibited investors from short selling stocks or Taiwan depositary receipts that had fallen below the closing prices of the previous session to ease irrational market movements and revive investor confidence.
FSC Chairman Tseng Ming-tsung (曾銘宗) said the commission’s decision to lift the ban was mainly based on three considerations. [FULL STORY]