Philippine Stock Exchange pushes short-selling to lure hedge funds

Philippine Stock Exchange pushes short-selling to lure hedge funds

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

When an army of online traders decided in 2021 to take on Wall Street hedge funds that had shorted shares of U.S. video game retailer GameStop, a man in Manila was monitoring the mayhem that followed: Philippine Stock Exchange chief executive Ramon Monzon.