March 12, 2020 / 10:46 PM / 17 days ago

Spain's market regulator bans short selling of 69 Spanish stocks

MADRID, March 12 (Reuters) - Spain’s CNMV market regulator said late on Thursday it would ban short-selling of shares in 69 listed companies on Friday after fears over the coronavirus led to a historic sell-off of Spanish equities.

The restriction will apply to all liquid shares whose price fell more than 10% on Thursday and all illiquid shares that fell by more than 20%, the regulator said.

Spain’s IBEX-35 index dropped 14.06% on Thursday, its worst ever single-day loss. (Reporting by Nathan Allen)

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