Foreign Investors Dominate Short Sellers After Korea Lifts Ban

South Korea lifted what was the world’s longest ban on short-selling on Monday, and foreign traders piled in.

Overseas investors accounted for 90.7% of total daily shorts by value in Kospi on Monday, betting against 738 billion won ($659 million) worth of stocks, according to the Korea Exchange. They rushed in again on Tuesday, making up 86% of bearish bets. That’s well above the 59% of short values they averaged in 2019 before Korea imposed a ban on the trading strategy in March last year as the pandemic spread.

Much of foreign investors’ bearish…

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