The Korea Exchange announced in a disclosure on the 5th that it has extended the designation period for Agent AI as an overheated short-selling stock, banning short-selling of the stock for one day on November 6.

Short selling banned in both regular and after-hours markets… ban to be extended again if share price falls 5% or more

On the extension day, short selling of the stock will be banned not only in the regular market but also in the after-hours market. Although the disclosure states that short selling will be permitted from the day after the extension date, if the stock price falls 5% or more on the day of the ban, the ban period will be extended again.

Hedge-trade orders permitted as an exception

However, short selling is exceptionally permitted for liquidity-providing quotes and market-making quotes in the stock market, quotes for hedge trading to supply liquidity for ELW, ETF, and ETN products, and quotes for hedge trading for market making in the derivatives market. This measure is based on Article 9-2 of the KOSDAQ Market Business Regulations and Article 8-5 of the Enforcement Rules of the same regulations.

An 'extension of existing designation period,' not a new designation… not a suspension of general trading

This measure is not a new designation as an overheated short-selling stock but an extension of the existing designation period, and the transactions restricted by the Exchange are limited to short selling. It does not mean a suspension of general stock trading as a whole. The disclosure is a market measure released by the Korea Exchange on November 5 through the electronic disclosure system KIND.

[This article was written with some assistance from AI. The information provided is for reference purposes, and the publisher bears no legal or financial responsibility for the use of such information.]