ECONOMY

Losses limited to 1.80 pct after turbulent session

Equities scaled back heavy losses with a two-hour trading suspension mid-session helping the bourse regain its footing and a better-than-expected open on Wall Street sparking buying interest in battered blue chips. The Athens benchmark general index ended 1.80 percent lower at 2,207.94 points, its second consecutive year low. The Greek market (yesterday) was discounting the worst-case scenario for Wall Street. A fall of about 5.0 percent at the open was logical. The better-than-expected open on Wall Street helped European markets gain and contained losses here, said broker Marinos Yourgas at Market Securities. Earlier yesterday, the Athens bourse suspended trading for two hours after the benchmark general index dropped nearly 9 percent, saying the breather would offer time to market participants. .. to evaluate the current developments calmly and rationally. The Athens bourse’s FTSE/ASE-20 index of blue chips fell 1.67 percent to 1,247.55 points, while the FTSE/ASE-40 index of mid-caps lost 4.44 percent and small-caps dropped 4.19 percent. Turnover rose to 232.71 million euros on 53.2 million shares traded. (Reuters) The aromatic substances in grapes are located chiefly in the skins, so the method of making white wine involves a significant loss of aromatic potential. This is why red wines develop a more complex bouquet as they age. But grape skins and pulp, containing substances like phenols, which help form organoleptic features in red wines, make white wines turn brown and taste rough and bitter. Wineries prefer to sacrifice some of the aroma by excluding the pulp, than to make wines that oxidize easily and taste unpleasant. Besides, not all grape varieties have aromatic skins.