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Beaten-up banks send market sharply down
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Beaten-up banks sent the broader market sharply down on Tuesday, amid a number of concerns. European shares are mixed as investors have turned cautious ahead of the U.S. Federal Reserve’s two-day monetary policy meeting, which started on Tuesday. At home, the fiscal impact of the Daniel Storm has not been fully-assessed, as significant information is still unavailable.
The general share index lost 1.9%to close at 1228 points. Turnover amounted to 87 million euros.
Banks posted aggregate losses of 3.4%, with NBG and Alpha suffering the most bruising losses, -5.3% and 4.8%, respectively.
Elsewhere, Aegean ended 5.8% lower, Jumbo -3.6%, Viohalco -4%.
In contrast, Coca Cola HBC and OTE bucked the declining trend, adding 0.8% and 0.6%, respectively.
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