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Traders Going for Exit Target Greece, Sending Stocks to 1990 Low
As the global market rout deepens, Greek assets are again the ones that are suffering the most. The nation’s stocks are back to being the biggest decliners of the year as they head for their lowest close since 1990. Its bonds, which have already lost more than three times as much as the second-worst performer in the euro area in 2016, saw yields on securities maturing in a decade rising to more than 10 percent. With growing concern over global market turmoil and yet another stalled bailout review in Greece, investors are abandoning assets deemed riskier. Greek banks, which have already lost almost all of their ... (full story)