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ASIFMA mentioned in Bloomberg story “‘Rampant’ Naked Shorts Found in Just 0.001% of Korea Trades”
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But the authorities’ moves “aren’t really helpful to the development of Korea’s capital markets,” said Lyndon Chao, managing director at Asia Securities Industry & Financial Markets Association Ltd.
“It’s simply not true that illegal short selling is rampant in Korea, certainly not by the global community,” Chao said. “Short selling takes up a very, very small percentage of overall trading volumes, so it’s just illogical and irrational to say that because of this very small percentage of trading that’s shorting the market.”
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