SEOUL :South Korea’s financial market watchdog said on Thursday it was checking the effectiveness of a new monitoring system designed to detect illegal short-selling of domestic stocks before lifting a ban on such trades. South Korea’s Capital Markets Act bans ‘naked’ short-selling of stocks, in which an investor sells shares without first borrowing them or determining they can be borrowed. The new system will electronically process all short-selling transactions by institutional investors and filter them…

Singapore

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“Seeing a video of Hersh today is overwhelming. We’re relieved to see him alive but we’re also concerned about his health and well-being as well as that of all of the other hostages and all of those suffering in this region,” his father, Jonathan Polin, said in a video message.…

Business

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HANOI :Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls.Speaking at a shareholders meeting of Vingroup, the conglomerate he chairs and of which he…

Lifestyle

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