Shares in South Korea surged on Monday morning after the country’s financial regulator issued a blanket ban on short selling to appease retail investors ahead of parliamentary elections next year.
The country’s benchmark Kospi index rose as much as 4 per cent, with battery company LG Energy Solution jumping more than 20 per cent and Posco Future M, a battery materials company, up 28 per cent. The technology-focused Kosdaq index rose as much as 6 per cent.
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