Greek stock market tumbles after five-week shutdown

Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.

Bank shares plummeted 30 per cent before loss limits kicked in to stop investors selling any more. The main Athens stock index ended down 16.2 per cent, recovering slightly after plunging nearly 23 per cent at the open.

Reuters