{
  "id": 12795654,
  "title": "Top court upholds HSBC's acquittal in short-selling case",
  "url": "https://urgent.news/2026/10/08/top-court-upholds-hsbcs-acquittal-in-short-selling-case-12795654",
  "topic": "world",
  "section": "World",
  "published": "2026-10-08T05:06:30.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261008004400315"
  },
  "original_language": "en",
  "account": "The Supreme Court of South Korea has upheld the acquittal of HSBC Hong Kong's unit in a criminal case related to short-selling violations, according to a report on Thursday. This marks the first instance of such a case in the nation's history.\n\nProsecutors had indicted the bank in March 2024, accusing three of its employees of engaging in illegal naked short selling of shares worth around 15.8 billion won (approximately US$11.8 million) from August to December 2021. Naked short selling involves the practice of short selling stocks without first securing them or ensuring their availability.\n\nIn the initial trial conducted by the Seoul Southern District Court, the bank was acquitted, with the court ruling that there was insufficient evidence to prove the employees had knowingly violated South Korean short-selling rules while engaging in the illegal activity. This decision was reinforced by an appellate court, before ultimately being confirmed by the Supreme Court.",
  "summary": "SEOUL, Oct. 8 (Yonhap) -- The Supreme Court on Thursday upheld a lower court's a...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Top court upholds HSBC's acquittal in short-selling case",
        "url": "https://urgent.news/2026/10/08/top-court-upholds-hsbcs-acquittal-in-short-selling-case",
        "published": "2026-10-08T05:32:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}