The Athens Stock Exchange (ATHEX) rebounded in a spectacular fashion during Tuesday trading, a day after falling to 2018 levels due to global concern and repercussions from the Covid-19 outbreak, naftemporiki.gr reports.
The banking index rallied stocks on Tuesday, with the index up by over 17 percent as of 13.30 (11.30 GMT), with the general index up by 8.31 percent. Practically all sector indices were up by double-digit numbers.
In the meanwhile, AP reports from New York that stocks gave up most of an early surge on Wall Street and briefly dipped into the red a day after the market’s biggest drop since 2008. The Dow had been up 945 points in the early going, dipped into the red and then went higher again shortly after noon. Markets bumped up after Vice President Mike Pence said the nation’s big health insurers would cover co-pays for coronavirus testing. Investors are likely to see more big swings until the number of infections from the new coronavirus decelerate, and they also want a big, coordinated response from governments and central banks.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dimorsitanos
