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South Korea to ban stock short selling - Yonhap

Mon Sep 29, 2008 7:54pm EDT

SEOUL, Sept 30 (Reuters) - South Korea's Financial Services Commission will ban the short-selling of shares until the end of the year, Yonhap reported on Tuesday, after U.S. lawmakers rejected a $700 billion financial rescue plan.

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The FSC also said it would lift the daily limit on share buybacks to 10 percent from 1 percent, Yonhap reported, as Seoul share markets braced for sharp falls at the 0000 GMT market opening after a huge slide on Wall Street on Monday.

(Reporting by Park Jung-youn, Kim Yeon-hee; editing by Keiron Henderson)

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