ECONOMY

Greek stocks plunge over 11 percent

greek-stocks-plunge-over-11-percent

Greek stocks plummeted over 11 percent on Monday, succumbing to a Chinese-led rout on global markets and domestic political uncertainty ahead of likely elections next month.

The ATHEX exchange shed 11.3 percent about half an hour before the close, falling to 563.39 points as a new euroskeptic party set up by rebels from the ruling SYRIZA party was given a three-day mandate to form a government following the resignation of Prime Minister Alexis Tsipras last week.

[AFP]