Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today's Monday, November 6th, and I'm your host, Kim Khan. Our top story so far,

taking aim at the shorts. South Korea has prohibited stock short selling until June 2024.

In response, the benchmark

Cosby jumped 5.7% and the tech heavy caused

Dax sword 7.3%. Both have their best sessions

since late March 2020. Short selling, where traders sell borrowed shares with the aim of buying them back later at a lower price, is a risky and costly strategy that requires a margin account and collateral. It also has the

potential for unlimited losses since the stocks price can rise indefinitely.

The SEC has issued controversial bans on shorting certain stocks before, covering hundreds of

financial equities during the financial crisis of 2008. It was discussed again during the banking

crisis earlier this year. Many say regulatory intervention was needed to

protect companies and stabilize markets. Others argued that the

restrictions were not only unnecessary, but harm market quality, stability,

and discovery. In turn, those could impact liquidity in pricing

efficiency, while short sellers may use other instruments like futures, options, and swaps

to get around the bands.

We've got a pole running in our Wall Street breakfast story.

Do you think there are times when shortings should be banned?

Let us know by heading on over to seeking alpha.com slash W.S.B. In today's trading, stocks are

taking a breather after the SMP 500 saw its best gain of 2023 last week.

The major averages are slightly higher. Bonds are more

sprightly again though. The 10-year Treasury yield is back near 4.65% indicating

...