Developed market

Uncontrollable “bleeding” in global markets, with Athens recording one of the largest percentage drops compared to other European stock exchanges. Most of this year’s gains were lost, with trading volume at high levels due to mass sell-offs.

The European Bank for Reconstruction and Development has acquired a 4.99% stake in the Bucharest Stock Exchange to back Romania's efforts to strengthen its capital markets.

Revived appetite for emerging markets helped Asian stocks hit a near six-month high on Wednesday, leaving Europe and other developed markets - where future stimulus looks increasingly uncertain - trailing.