Australia bans all short selling (even covered)

http://www.news.com.au/business/story/0,27753,24379889-31037,00.html All short selling (even covered sales) in Australia is banned as from Monday. Quite something.

ASX market still hasn’t opened, I though it was only being pushed back to 10:30

I think the major economies may be trying to synchronize their shorting policies, so that people don’t simply say "fine, I’ll go short my stuff over there instead.

Exactly, they said given the US & UK position, AUS didn’t want to be a ‘target’ . 11am open now.