BUSINESS

Athens Stock Exchange falls amid unease over austerity, Brexit fears

TAGS: Finance, Markets, Economy

The Athens Stock Exchange fell by 3 percentage points on Monday following a plunge of 4.18 percent on Friday, reflecting a general sense of unease amid the impact of a new round of austerity measures and global fears about a possible Brexit ahead of a referendum on Britain staying in the European Union on June 23.

The slump came amid a worsening climate for Greek bonds with yields for one-year and three-year government bonds rising by 8.8 percent and 8.2 percent respectively, reflecting a rise in the perceived investment risk in Greece.

The drop represents some 4 billion euros in capital losses.

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