×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
06
Dec 2025
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Global markets in panic amid coronavirus outbreak – Athens Stock market drops by over 10%

The ECB's decision to not cut rates exacerbated the uncertainty

Newsroom March 12 07:23

Global Stock Markets are in panic mode, as shares continue to plunge amid the coronavirus outbreak, the oil prices drop and US President Trump’s decision to close borders with Schengen countries, while the European Central Bank announcements did nothing to reassure investors.

The Greek stock market also dropped by 10.61% breaking the 550-540 support zone, closing at 538.55.

In terms of the market, although the ratio of falling shares is up 13.5 to 1 – the General Index fell, as Coca-Cola lost 15% and banks 12 to 17%.

Following the ECB’s announcements, the market in Greece and Europe was just as bad – probably even worse – as interest rates were not cut, the Tltro program was reinforced, while the quantitative easing program increased by € 120 billion.

At the start of US trading, shares plunged and triggered an automatic temporary suspension in trading aimed at curbing panicky selling.

>Related articles

Stournaras: The ECB has achieved a soft landing and resilience for the economy

Lagarde: The global economy has not yet felt the impact of Trump’s tariffs

Watch video: The moment the balcony collapses in Lavrio – Woman runs and is miraculously saved

When trade resumed, shares continued to fall, following European markets lower.

The initial declines came after the US restricted travel from mainland Europe.

The Dow led falls among the US indexes, dropping more than 9%.

Ask me anything

Explore related questions

#COVID-19 coronavirus#Dow Jones#ecb#european central bank#global economy#panic#shares#Stock Markets
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Video: Farmer tearfully says goodbye to his 450 sheep — all of his local breed

December 6, 2025

Taylor Swift: The date of her wedding to Travis Kelce has been revealedThe couple may marry in Rhode Island

December 6, 2025

Tragedy for the 33-year-old climatologist who died on an Austrian mountain after her partner left to get help

December 6, 2025

Tragedy in Zakynthos: 18-month-old child killed after attack by family’s pit bull

December 6, 2025

The secret lives of Putin’s hidden children: Growing up in wealth and isolation

December 6, 2025

Mitsotakis from Markopoulo: The government is open to dialogue with farmers — they should come with representation and clear demands

December 6, 2025

Analysis by The New York Times: Trump turns his back on Europe, treats it as an enemy, and downgrades it to a hub of decline

December 6, 2025

The murders that changed the map of the Greek Mafia: The bloody path that started from the chief godfather Stefanakos and reached up to Zambounis who was gassed with 97 bullets

December 6, 2025
All News

> Economy

Greece on the European economic map: signals of reward, early debt repayment and Pierrakakis’ nomination for the Eurogroup

International interest in Greek banks, with significant developments in funding and debt reduction, while Pierrakakis' candidacy highlights the country's stability

December 6, 2025

The Greeks take center stage again in 2025 – Targeted acquisitions and “smart” vessel sales

December 5, 2025

Christmas Bonus 2025: What applies to private sector employees

December 5, 2025

Netflix buys Warner Bros. for $82.7 billion: How the mega deal closed

December 5, 2025

Positive signs on the Athens Stock Exchange, heading for its fourth consecutive weekly rise

December 5, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα