• Most Popular
  • Most Shared

Greek stocks fall almost 10 pct in early trade

Fri Oct 10, 2008 3:39am EDT

Stocks

   

ATHENS, Oct 10 (Reuters) - Greek shares plunged almost 10 percent in early trade on the Athens Stock Exchange .ATG on Friday, following Asian and European stocks lower on fears global efforts to unlock credit markets have not worked.

The Athens bourse was trading lower 9.7 percent at 2260.22 points at 07:35 GMT. The benchmark index has lost half of its market capitalisation so far this year, dropping about 52 percent.

National Bank of Greece (NBGr.AT) was trading 10 percent lower at 21.78 euros at the opening.

Britain's FTSE 100 .FTSE, France's CAC .FCHI and Germany's DAX .GDAXI were all trading down about 8 percent, having earlier fallen as much as 10 percent. (Reporting by George Hatzidakis)



More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

365 days for the doomed

From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article