Worries over Greek referendum outcome put markets
in
flux (2015/06/30)
A referendum in
Greece on the bailout accordoffered by the country’s creditors could lead it
to abandon the euro. The turmoil has contributed to instability in markets
around the world.
With Greece implementing emergency capital controls,
leading banks to be closed until July 6, stock markets in Europe and the US took a beating. On Monday, the Dow Jones Index plummeted 350 points and
the S&P 500 and NASDAQ both dropped by more than 2 percent. European markets found it especially difficult to weather the financial
storm. Shares in Taiwan were also hit.
Lee Ching-tu
Stock Pundit
The Greek government honestly is pretty shameless. The drop (in Taiwan) seems unreasonable. The government should step in to
prop up the
market to prevent a vicious
cycle.
After heavy losses in on Monday, stocks rose in Asia on Tuesday, buoyed by sharp gains in China. In Taipei shares were up 86 points to close at
9,323 points.
Tsai Ming-chang
Stock Analyst
Many are bracing
for the results of the (Greek) referendum. If Greece leaves the euro zone, foreign investors will sell offTaiwan shares. The index could drop to 9,000 points.
The chances of Greece leaving the euro zone are high. Financial markets around the
world are preparing for the consequences.
留言列表