Times of India — Greece orders banks closed for a week, worried citizens empty ATMs; Indian markets spooked

In the first market reaction to the growing risk of a Greek euro exit, the single currency tumbled in Asia on Monday morning.

Stock markets also fell sharply, with Tokyo, Sydney, Shanghai and Hong Kong each sinking more than 2 percent by Monday afternoon.

In India, the benchmark BSE sensex tanked over 535 points and the NSE nifty slid below the 8,300 mark in opening trade today on across-the-board selling by participants, PTI reported. Brokers said widespread selling by investors as well as funds, in line with a global sell-off on fears that Greece may default on a debt repayment and crash out of the euro zone, soured the mood.

The Times of India
Greece orders banks closed for a week, worried citizens empty ATMs; Indian markets spooked

AFP