TAIPEI, Sept 30 Taiwan's top financial regulator
is banning investors from short-selling shares of any individual
company, it said on Tuesday, in its latest move to prop up the
The move is aimed at "preventing short-sellers from
depressing the market and (at) boosting investor confidence,"
the Financial Supervisory Commission said in a statement.
The ban will be imposed from Oct. 1 to Oct. 14, the
Taiwan has taken a slew of measures in the past two weeks to
support the island's financial markets, after the main share
index .TWII plunged as part of a global sell-off.
The latest measures go beyond what the commission had said
late on Monday, when it ruled that the total amount of
short-selling and securities lending of stocks for any company
cannot exceed 10 percent of its outstanding shares, compared
with a previous cap of 25 percent. [ID:nTP310617]
The regulator said it would also look into those spreading
market talk intended to drag down stocks.
(Reporting by Faith Hung; Editing by David Holmes)