Banking stocks were the worst hit the reopening of the Greek stock market with several stocks hitting their maximum daily declines. CCTV’s Eirini Zarkadoula reports from Athens.
More details:
- The main Athens index fell 16.2 percent on Monday, the worst decline on record, as investors reacted to continuing questions about a new bailout from the European Union and to Greece’s worsening economy.
- All four major Greek banking stocks were down more than 29 percent in early Tuesday trade.
- Despite heavy selling, the reopening of the index was seen as positive for the debt-stricken country as it continues to negotiate with international creditors on its third bailout.