South Korean financial authorities are expected to extend a short-selling ban despite a recent bullish stock market run amid concerns over COVID-19 resurgence’s impact on the economy. 

An official of the ruling bloc said on Tuesday it is likely that a ban on stock short-selling will be extended by six months or so, adding a related announcement will be made on Wednesday or Thursday.

In March, the Financial Services Commission issued a six-month short-selling ban as part of market stabilization measures as financial markets tumbled over the pandemic-induced crisis. 

The FSC reportedly plans to finalize a decision on potential extension before the ban’s expiration, as early as this week when it holds regular and extra meetings.