Stock Market: Sell-off over 3% in Athens – More than 5 billion euros vanished
The Athens Stock Exchange plummeted, losing over 5 billion euros due to international market turmoil sparked by military conflict in the Middle East.
Today, the Athens Stock Exchange fell to its lowest level since January 8, as military conflict in the Middle East triggered widespread upheaval in international markets, which significantly impacted the General Index. Amid these global tensions, the price of Brent oil surged towards $80 per barrel, while both the German DAX and French CAC 40 indexes were set to close their first session of the week with losses of at least 2%.
As a result, the ripple effects reached Athens, where a sell-off exceeded 5 billion euros, failing to bolster local investor confidence amidst increasing external pressures. This dramatic market downturn has led the Athens exchange to lose most of its gains from the year, which have now been reduced to a mere +3.7%. Specifically, in its worst session since April 2025, the General Index saw a stark decline of 3.36%, finishing at 2,200.98 points, shedding over 76 points in total.
The significant losses incurred by the Athens Stock Exchange reflect not only the immediate impacts of geopolitical tensions but also suggest potential long-term implications for the Greek economy, raising concerns about investor sentiment and economic growth. As the situation develops in the Middle East, further volatility in markets is anticipated, which may exacerbate the financial downturn in Greece and affect broader European economic stability.