Reckoning Day for Greek Stocks as Trading Restarts With Plunge
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After five weeks in a deep sleep, equities in Greece became free to trade again -- though how free is another question.
Closed since June 29, the Athens Stock Exchange reopened Monday, with the benchmark ASE Index slumping a record 22 percent at 11 a.m. in Athens. A host of restrictions will govern the purchase of shares by local traders due to capital controls imposed as the country acted to preserve its financial system. It will also be easier to suspend stocks that swing wildly.