Turkey curbs short selling on Istanbul Stock Exchange
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Turkey curbs short selling on Istanbul Stock Exchange 11 August 2011Ankara Reporter: Anna Reitman
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Turkey has announced measures to curb short selling after the week's equities sell-off. Market regulators raised the minimum equity ratio to 70 per cent for short selling and announced a probe into activities on the Istanbul Exchange, according to various media reports.
Since transatlantic debt woes threw global markets into a tailspin, the ISE100 index dropped over 17 per cent and was last at 50,739, its lowest since February 2010, according to Bloomberg data.
The move by Turkey follows other global regulatory action in Greece and Korea, where regulators have imposed temporary short selling bans.
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