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Spanish Securities Watchdog Halts Short Selling Amid Coronavirus Caused Recession

Published 03/17/2020, 04:31 PM
Updated 03/17/2020, 11:40 PM
Spanish Securities Watchdog Halts Short Selling Amid Coronavirus Caused Recession

Spain’s National Securities Market Commission (CNMV) has halted short selling in an effort to secure local stocks from the recession caused by the coronavirus epidemic.

The ban will last one month, starting from March 17, with possible extension for additional periods not exceeding three months, Bloomberg reported on March 17. In an email to Bloomberg, the CNMV explained that it made a commitment to take such action:

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