“Black Friday” for Athens Stock Exchange plunging 4.83%

‘Black Friday” for the Athens Stock Exchange as its general index plunged 4.83% on April 4, swept up in a wave of global market turbulence sparked by China’s decision to impose retaliatory tariffs of 34 percent on US goods.

The move intensified fears of a deepening trade war with potentially severe consequences for the global economy.

Trading volume at the ASE soared, reaching €415.8 million euros, with over 92.3 million shares changing hands – underscoring investor anxiety.

Banks were at the epicenter of the international sell-off, and the Greek market, also heavily weighted toward financials, was hit particularly hard.

The Athens bourse’s banking index tumbled 7.15%, led by Eurobank, which dropped 7.77%. It was followed by Piraeus Bank (-7.41%), Alpha Bank (-6.99%), and the National Bank of Greece (-6.43%).

For the week, the ASE general index fell 7.96%, reflecting growing investor unease over the global outlook.