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Thursday, August 11, 2011

Turkey Joins Greece, South Korea in Curbing Short Sales After Global Rout - Bloomberg

"Turkey Joins Greece, South Korea in Curbing Short Sales After Global Rout

By Michael Patterson and Benjamin Harvey - Aug 11, 2011 8:18 AM ET

Traders work on the trading floor of the Istanbul stock exchange in Istanbul, Turkey. The main ISE National 100 index fell as much as 1,901.26, or 3 percent, to 61,854.09. The index declined 2.1 percent to 62,407.42 at 5:30 p.m. in Istanbul, taking the month’s losses to 9.9 percent. Photographer: Kerem Uzel/Bloomberg

Turkey moved to curb short sales and threatened “severe penalties” for stock manipulation, joining nations from Greece to South Korea in trying to stem bearish bets after the worst tumble in global shares since 2008. "

More:Turkey Joins Greece, South Korea in Curbing Short Sales After Global Rout - Bloomberg