Risk Aversion Surges Following Unilateral German Ban on Short-Selling
May 19, 2010
Stocks are plunging in response to yesterday’s unilateral action by German regulators to ban short-selling of euro area government debt and credit default swaps. The ban extends to end-1Q11. German Chancellor Merkel seeks broader Euroland action, endorsing need for a financial transaction tax. Equities tumbled 2.5% in Singapore, 2.7% in India, 3.7% in Indonesia, 1.9% [...]
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