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The Austrian financial market watchdog, the FMA, said on Tuesday that it has decided to extend a current temporary ban on so-called naked short-selling by a further six months.

Last week Germany implemented a unilateral ban on naked short selling of some securities, with officials now indicating Berlin is set to extend this to all German stocks.

The move has attracted criticism from other EU states who were apparently given no warning prior to the German move, with EU officials saying a more co-ordinated approach was needed.

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