Reversal on short-selling offers hope in Taiwan
The fact a recent short-selling restriction was lifted within a month points to a maturing market, although the exchange still faces an uphill battle with the regulator, say participants.
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There are signs of growing maturity for Taiwan’s stock market as authorities strive to create a more favourable environment for securities borrowing and lending, market participants say.
On the one hand, a temporary restriction on short-selling – the uptick rule – imposed by the Financial Supervisory Commission (FSC) in August this year was seen as a knee-jerk reaction to placate retail investors amid a falling stock market.
The rule limited short-selling to stocks whose price r…
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