Athens Stock Market falls by 2.60%

The US-China “trade war” is putting pressure on emerging markets

The General Index of the Athens Stock Exchange closed at 754.20 points, recording a drop of 2.60%.
The increase of import tariff on Chinese products by the US by 25% resulted in markets coming under pressure leading to an extensive correction to the Athens Stock Exchange.
The war between the US and China is starting to take an unpredictable course, and in the midst of such a situation, emerging markets such as Athens are more exposed.

The banking shares came under pressure, while the stocks of the Port of Piraeus (OLP) dropped by 6,76% to 20,70 euros.
The stocks of Piraeus Bank fell 4.38% closing at 1,747 euros.
Trading volume amounted to € 43.7 million.