UPDATE 3-VW shares halve as Porsche eases short squeeze

Newswire

* Porsche settles options to create liquidity in VW stock * VW stock nearly halves, dragging DAX down with it * Frankfurt exchange to lower VW index weighting (Adds comments by Porsche, analysts, BAI) By Christiaan Hetzner FRANKFURT, Oct 29 (Reuters) - Shares in carmaker Volkswagen nearly halved on Wednesday after controlling shareholder Porsche took steps to ease a squeeze on shortsellers that more than quadrupled the stock in days. Porsche itself had prompted the meteoric rise ...

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