Amsterdam exchange closes 9% down

The Amsterdam stock exchange closed down 9.1% on Monday as government efforts to shore up investor confidence failed to have an effect.

‘The blue chip AEX closed down at 312.56 points, after falling as low as 310 points in mid afternoon trading.
There is a complete lack of trust, and the fact that different governments have intervened shows how bad things are,’ trader Cees Smit from Today’s Beheer told the Financieele Dagblad. Stock prices were down across Europe.
Insurance group Aegon was the biggest decliner in Amsterdam, recording a fall of 24.18%. ‘That is an extreme punishment considering there is no bad news,’ Smit said.