South Korea imposed a three-month ban on stock short-selling from Wednesday and loosened rules on the amount of daily share buybacks, the country's top financial regulator said on Tuesday.
The Financial Services Commission (FSC) said in a statement that increased short-selling had triggered market instability amid recent sharp drops in the stock market.
The main Seoul stock index finished down 3.64% at 1,801.35 points, the weakest close since Sept. 9, 2010, after tanking as much as 9.9%.
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