South Korea ADRs jump after short selling ban on stocks

LG DISPLAY

06/11/2023 09:40

** U.S.-listed shares and exchange-traded funds tracking
South Korean stocks rally premarket as authorities in Seoul
re-imposed a ban on short-selling through the first half of 2024
to promote a "level playing field"
    ** South Korea's stock index KOSPI  .KS11  closed 5.7%
higher, logging its biggest one-day gain since early 2020
    ** Shares of conglomerate POSCO  PKX.N  jump 18.9%, while KB
Financial Group  KB.N  adds 1.6% in early trading before the
bell
    ** South Korean flatscreen maker LG Display  LPL.N  gains
5.9% 
    ** ETFs such as the iShares MSCI South Korea ETF  EWY.N  and
the Direxion Daily MSCI South Korea Bull 3X Shares ETF  KORU.N 
jump 6.2% and 18.9%, respectively 

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;  Follow on X:
@BansariKamdar;))