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Asterisk shares continue sharp decline on TSE credit trading restrictions
Asterisk Inc. <6522> continued its sharp decline. The Tokyo Stock Exchange announced that starting from the 1st, the margin requirement for new credit transactions?both short selling and buying?of the company's shares will be raised to at least 50% (including at least 20% in cash). The stock is being sold off on expectations that this will reduce inflows from retail investors.
Additionally, Japan Securities Finance Co., Ltd. also announced that from the same date, the collateral ratio for proprietary loan transactions and clearing agency loan transactions for non-clearing participants will be set at 50% (including 20% in cash collateral).
Source: MINKABU PRESS
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