Greek ASE Index Plunges In Biggest Intraday Drop In 6 Years

Greek equities are being hammered on Wednesday with Athens Stock Exchange’s benchmark index losing 5.1% at 899.65, with traders citing political uncertainty jitters and a spike in Greek bond yields. Today’s plunge follows a loss of 5.7% yesterday. Greek stocks are down over 9% in the last two days – the biggest plunge in 6 years Greek ASE index plunges: Eurozone crisis 2.0? Earlier, Athens has indicated plans to exit the 240-billion-euro EU/IMF package by the end of the year and finance its needs from bond markets starting next year. However, Wednesday’s steep rise in Greek’s 10-year bond yields to…