Market Chatter: HSBC Cleared of Charges of Violating Short-Selling Rules in South Korea

MT Newswires Live

Feb 12, 2025

HSBC Holdings' (HSBC) Hong Kong unit was cleared of charges of violating short-selling regulations in South Korea, Yonhap News Agency reported Tuesday.

Yonhap said the Seoul Southern District Court acquitted the bank due to lack of evidence.

The bank was indicted last year after three traders allegedly engaged in illegal naked short selling of shares valued at about 15.8 billion South Korean won ($11 million) in 2021, according to the report. Naked short selling is the practice of selling stocks without securing or placing orders to secure the stocks first, Yonhap added.

HSBC did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 54.65, Change: +0.79, Percent Change: +1.47

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Naked short selling is the practice of selling stocks without securing or placing orders to secure the stocks first, Yonhap added.</p><p>HSBC did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 54.65, Change: +0.79, Percent Change: +1.47</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0634319403.HKD","symbol_name":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2510633299","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510633299","pubTimestamp":1739293552,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Naked short selling is the practice of selling stocks without securing or placing orders to secure the stocks first, Yonhap added.HSBC did not immediately respond to MT Newswires' request for comment.Price: 54.65, Change: +0.79, Percent Change: +1.47","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","HSHD.SI":"HSBC HK SDR 5to1","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","BK1601":"香港本地股","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK4585":"ETF&股票定投概念","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK1231":"综合性银行","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4521":"英国银行股","HSBC":"汇丰","BK1572":"香港银行股","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","BK4588":"碎股","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","HSBA.UK":"汇丰控股有限公司","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","00005":"汇丰控股","BK4207":"综合性银行","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","03143":"华夏香港银行股","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","BK1610":"ETF&股票定投概念"},"translate_title":"市场热议：汇丰银行洗清了违反韩国卖空规则的指控","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":1,"HSHD.SI":0.6,"03143":0.6,"HSBA.UK":0.6,"00005":1},"content_text":"HSBC Holdings' (HSBC) Hong Kong unit was cleared of charges of violating short-selling regulations in South Korea, Yonhap News Agency reported Tuesday.Yonhap said the Seoul Southern District Court acquitted the bank due to lack of evidence.The bank was indicted last year after three traders allegedly engaged in illegal naked short selling of shares valued at about 15.8 billion South Korean won ($11 million) in 2021, according to the report. Naked short selling is the practice of selling stocks without securing or placing orders to secure the stocks first, Yonhap added.HSBC did not immediately respond to MT Newswires' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 54.65, Change: +0.79, Percent Change: +1.47","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}