The Athens Stock Exchange plunged nearly 8% this week, with a sharp 4.8% drop on Friday, as global trade tensions escalated following U.S. President Donald Trump’s imposition of “reciprocal” tariffs. Mirroring the turmoil across European markets, the General Index closed at 1,597.55 points, while the banking sector suffered a 7.15% decline. Analysts warn of a looming trade war, with China’s retaliatory 34% tariffs on U.S. goods and Europe’s expected response deepening fears of a global recession.
Tag: recession fears
Bitcoin, the world’s largest cryptocurrency by market capitalization, has plummeted over 10% in a single day, pressured by a global stock market downturn that has reverberated through the cryptocurrency sector. Dropping below $50,000 for the first time since February, Bitcoin reached a low of $48,126 at 08:41 GMT on Monday, though it has since seen a modest recovery.
