<h1>Regulator clears conglomerate of manipulation claims after short-seller allegations, triggering sharp market rally and restored investor confidence</h1> A securities regulator concluded an investigation into a conglomerate, finding no evidence to support allegations of stock manipulation and related-party misuse made earlier by a short-seller firm, and dismissed the claims. The regulatory clearance triggered a sharp market rally, with the conglomerate's listed entities recording substantial single-day gains and a large increase in combined market capitalization, and prompted renewed institutional coverage. The decision resolves the regulator's enforcement inquiry but may not preclude separate civil or criminal actions; it is likely to reduce regulatory uncertainty and restore investor confidence pending any further legal developments.