The Athens Stock Exchange is falling from the 1,550-unit peaks today (3/2), as the US tariffs have triggered a global wave of liquidation.

Analysts fear that Washington's protectionist trade policy will reignite inflationary risk and "brake" the path of interest rate cuts, with all that this implies for investor psychology.

It is understandable that this situation could not leave both Europe and Greece, which are forced to face international challenges, unaffected.

This, despite the fact that the domestic market still has all the guarantees (resilient profitability, high dividends, attractive valuations, and successive deals) to continue climbing to the highest levels since April 2011.

Specifically, in the first session of the new week, the General Index recorded a remarkable fall of -1.42% to 1,527.57 points, losing almost 22 points compared to Friday's close (1,549.32 points).

The arc of the daily fluctuations extends over eight points (from 1,521.28 to 1,529.47 points), with the turnover of transactions soaring to 12 million euros in the first 15 minutes.

The banking index, which "ran" at a pace of almost +10% in January, enters February with the left hand, as it slides -1.82% and 1,388 points, affected by the negative sentiment abroad and ignoring the upgrade by S&P.

Alpha's shares are limited to -2.72% and EUR 1.7355, Eurobank's shares follow at -2.60% and EUR 2.36, Piraeus' shares are trading at -2.08% and EUR 4.29, while ΝΒGs' shares fall to -1.06% and EUR 8.292.

In the high-cap index (-1.35% and 3,726 points), Metlen's shares retreat to -2.4% and 33.9 euros, with Titan Cement, Viohalco, Aegean and ELVALHALKOR losing at least -2%. At the same time, losses of over -1.5% are set for Cenergy, Helleniq Energy, PPC and AIA, while shares of Motor Oil, Hellaktor and GEK Terna follow at -1%. Coca-Cola shares escape the downtrend, which is up +1.2% and 33.8 euros.

As for the mid-cap index (-1.85% and 2,418 points), AVAX shares stand out negatively at -3.8% and EUR 1.85, correcting from 11-year highs. Moreover, shares of Aktor, Fourlis, Ideal, Lavipharm, Trade Estates, EXAE, Intracom and Thrace Plastics are down more than -2%. At the same time, shares of Techniki Olympiani, Noval, Kri Kri, Intralot, ADMIE, Profile, Dimand, Autohellas and Austriacard are sliding by at least -1%.