Dongsuh, VT, and six other listed companies have been designated as stocks subject to short-selling heat. Short-selling transactions for these companies will be prohibited for one day on the 2nd.
The Korea Exchange announced on the 1st that it designated seven domestic listed companies as stocks subject to short-selling heat and that short-selling transactions for those companies would be prohibited on the 2nd.
Among KOSPI-listed companies, Dongsuh was designated as a stock subject to short-selling heat, while among KOSDAQ-listed companies, VT, ABL Bio, KoMiCo, TAE KWANG CORPORATION, Taesung, and PharmaResearch were designated as stocks subject to short-selling heat.
In the case of Taesung, the designation as a stock subject to short-selling heat was extended by one day. The Korea Exchange prohibited short-selling transactions for Taesung after designating it as a stock subject to short-selling heat on that day.
If the stock price falls by more than 5% on the day short-selling transactions are prohibited, the ban period is extended by one day. On that day, the price of Taesung fell by 7.27% compared to the previous close, resulting in the extension of the short-selling heat period by one day.
Meanwhile, financial authorities are strengthening and expanding the criteria for designating stocks subject to short-selling heat by increasing the growth rate of short-selling transaction amounts and the proportion of transaction amounts for two months until May 31, considering the possibility of increased volatility in some stocks after the resumption of short-selling.