×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
31
Jan 2026
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Global markets in panic amid coronavirus outbreak – Athens Stock market drops by over 10%

The ECB's decision to not cut rates exacerbated the uncertainty

Newsroom March 12 07:23

Global Stock Markets are in panic mode, as shares continue to plunge amid the coronavirus outbreak, the oil prices drop and US President Trump’s decision to close borders with Schengen countries, while the European Central Bank announcements did nothing to reassure investors.

The Greek stock market also dropped by 10.61% breaking the 550-540 support zone, closing at 538.55.

In terms of the market, although the ratio of falling shares is up 13.5 to 1 – the General Index fell, as Coca-Cola lost 15% and banks 12 to 17%.

Following the ECB’s announcements, the market in Greece and Europe was just as bad – probably even worse – as interest rates were not cut, the Tltro program was reinforced, while the quantitative easing program increased by € 120 billion.

At the start of US trading, shares plunged and triggered an automatic temporary suspension in trading aimed at curbing panicky selling.

>Related articles

Hellenic Competition Commission: The distortions that keep deposit interest rates low

Stournaras: The ECB has achieved a soft landing and resilience for the economy

Lagarde: The global economy has not yet felt the impact of Trump’s tariffs

When trade resumed, shares continued to fall, following European markets lower.

The initial declines came after the US restricted travel from mainland Europe.

The Dow led falls among the US indexes, dropping more than 9%.

Ask me anything

Explore related questions

#COVID-19 coronavirus#Dow Jones#ecb#european central bank#global economy#panic#shares#Stock Markets
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Iran: A framework for negotiations with the US is taking shape

January 31, 2026

Greece: Flyover on Kifisos under consideration and relocation of businesses outside Athens

January 31, 2026

Emergency Weather Bulletin: Prolonged heavy rainfall, thunderstorms & hail from tomorrow, Sunday

January 31, 2026

Mitsotakis on the 30th anniversary of the Imia crisis: There are no “grey zones” in the Aegean; once again we bow to the fallen

January 31, 2026

Imia Crisis 30 Years On: What brought down the helicopter? What really happened after the “no ships – no troops – no flags” decision? (video)

January 31, 2026

Horror in a basement in Thessaloniki: He strangled 46-year-old Maria and threw her in the trash, hid the body of 43-year-old Vicky

January 31, 2026

New Epstein documents: Photos show Prince Andrew over a woman lying on the floor (photos)

January 31, 2026

Historic opportunity for Greek agri-food products from the EU–India agreement – Tariffs on olive oil reduced to zero

January 31, 2026
All News

> Greece

Greece: Flyover on Kifisos under consideration and relocation of businesses outside Athens

The competent minister, Mr. Dimas, outlined the interventions that have been launched and the scenarios being examined to improve traffic flow in Attica and ease the road network of heavy vehicles

January 31, 2026

Emergency Weather Bulletin: Prolonged heavy rainfall, thunderstorms & hail from tomorrow, Sunday

January 31, 2026

Horror in a basement in Thessaloniki: He strangled 46-year-old Maria and threw her in the trash, hid the body of 43-year-old Vicky

January 31, 2026

Hellenic Police on Laura’s disappearance: It appears she had already landed in Germany when her disappearance was reported

January 31, 2026

Severe bad weather arriving over the weekend: When storms will hit Attica – Warning for six regions

January 30, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα