Amsterdam’s blue chip stock exchange opens at below 300 points

Amsterdam stock exchange’s AEX blue chip index opened 2.7% lower at 292.63 points on Friday as stock prices fell around the world.


The AEX was last below 300 points on October 2, 2009, when it closed at 299.3 points.
Increasing uncertainty about the global economy and the European debt crisis are driving markets down throughout Europe, the US and Asia.
Meanwhile, the Financieele Dagblad says the credibility of the NYSE Euronext stock exchange group – which includes Amsterdam – is on the line after a string of computer failures.
The problem means the AEX’s closing price is not being properly calculated, which has happened at least seven times over the past six weeks, the paper says in an editorial.
Last week, the index failed at the exact moment of the weekly options expiry.

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