The Athens Stock Exchange overreacted Tuesday to two international storms, losing nearly 2%. 

First, the market reacted to the decision by French Prime Minister Francois Bayrou to ask for a vote of confidence which he is likely to lose. It also responded to US President Donald Trump’s attempt to control the independent Federal Reserve by firing Governor Lisa Cook.

ASE’s reaction, say domestic analysts, is explained by the strong rally, especially in banks, that had made it the best-performing global market in 2025 so far. It is also true that the Athens market remains small and vulnerable to outside shocks.

The ATHEX general index dropped 1.87% to close at 2,076.57 points. Turnover shot up to €457.67 million. Blue chips dropped 1.97% and mid-caps 0.90%.