Greek ETF Slides 17% In Premarket Trade

By Steve GoldsteinMarketWatch Pulse

An exchange-traded fund tied to Greece was hammered in premarket trade on Monday. The Nasdaq-listed Global X FTSE Greece 20 ETF , which seeks to replicate the performance of the FTSE/Athex 20 Index, dropped 17%. Greek Prime Minister Alexis Tsipras called for a referendum on the nation's international bailout that potentially sets the stage for the country to exit the eurozone.

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