2024-06-22 12:07:08
Index supplier MSCI Inc. Primarily based on the outcomes of the annual evaluation, he determined to depart South Korea within the class of nations with creating economies (rising markets), whereas it has lengthy been taking steps to boost its standing to a state with a developed financial system (developed markets), Day.Az reviews just about Interfax.
“MSCI continues to watch the implementation of measures aimed toward bettering the accessibility of the Korean fairness marketplace for worldwide traders, but additionally notes that the latest ban on brief promoting imposes restrictions on entry to the market,” the index supplier stated in a press release.
In November 2023, South Korea reintroduced a whole ban on brief promoting, citing some unlawful buying and selling practices.
“Whereas this ban is predicted to be non permanent, sudden adjustments to market guidelines will not be advisable,” MSCI stated in a press release.
Just lately, South Korea’s monetary regulator prolonged the ban on brief promoting till March 30, 2025, in anticipation of implementing a computerized system by then to watch and stop unlawful uncovered brief promoting.
MSCI notes that reclassifying a rustic “requires that each one points are resolved, reforms are totally carried out, and market individuals have adequate time to rigorously consider the effectiveness of the adjustments.”
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