Turkey has instituted curbs on short selling, just days after the practice was banned all together in Greece and Korea following sliding global markets.
According to Bloomberg, the Capital Markets Board of Turkey, the Turkish market regulator, has raised the minimum cash or equity an investor must hold in an investment account to begin short selling from 50% to 70%, and they must maintain a minimum of 35% to continue short selling. Companies may also buy back up to 10% of their share capital, the news organization says. The regulations are in effect for short selling on the Istanbul Stock Exchange and the Turkish Derivatives Exchange.
(CG)