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Stocks in both Paris and Frankfurt were down by more than 2% on Wednesday morning, following the downgrading of Greece's debt to "junk" status. Spain's leading index is down 3.3%, while in Portugal - which also had its credit rating cut - shares fell 4%. Meanwhile the euro fell to a fresh one-year low against the dollar before recovering slightly. Overnight Japan's leading share index, the Nikkei 225, closed down more than 2.5% after steep falls in European stocks on Tuesday. Greece's stock market regulators have also been forced to impose a ban on short-selling, amid concerns that Greek bank shares are being undermined by speculators. Source:news.bbc.co.uk . |
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