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Monday, July 23, 2012

Spain bans short-selling of shares as markets fall


Market Data

LAST UPDATED AT 19:31 GMT
Dow Jones12697.51Down-125.06-0.98%
Nasdaq2887.91Down-37.39-1.28%
FTSE 1005533.87Down-117.90-2.09%
Dax6419.33Down-210.69-3.18%
Cac 403101.53Down-92.36-2.89%
BBC Global 306178.73Down-26.81-0.43%

Spain has banned short-selling of shares to try to limit price moves after markets fell sharply on fears the country may need a full bailout.

Spain's market regulator blocked the practice for three months to try to restore order after sharp falls in bonds and shares.

"Short-selling" is a way that traders can make money by betting on falling share prices.

Italy has also banned short-selling of financial stocks for one week.
BBC


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