More than $10 billion were wiped off since the invasion of Ukraine. Credit: AMNAThe Athens Stock Exchange has recorded losses of 13.43 percent while the market’s capitalization has fallen by 9.345 billion euros ($10.1 billion) since the Russian invasion of Ukraine.
The Large Cap index has fallen by 15.0 percent and the Mid Cap index by 8.6 percent. The heaviest losses (-26.64 percent) were recorded in banks.
The dive in the Athens Stock Exchange follows the pattern of all major markets. U.S. stock markets took a dive Monday as another big leap for oil prices fueled by Russia’s war in Ukraine threatens to squeeze inflation’s grip on the global economy.
The S&P 500-stock index closed down almost 3 percent, while the Dow was off almost 2.4 percent, or nearly 800 points, to 32,817. The Nasdaq composite was 3.6 percent lower. Stocks are on pace for their worst daily losses since Russia invaded Ukraine.
Markets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation.
