Austria Market Review, Q1 2020: new structures in the primary market

When the corona pandemic hit Europe, ATX, the Austrian benchmark index, and the Eurostoxx 50 index both plunged by over 40% in mid-March compared to their January levels. The crash put the Austrian financial market into panic mode, resulting in a record high volatility. The financial markets regulator reacted by banning short-selling and the local stock exchange issued an open letter addressing local and international investors to encourage a long-term perspective. Vienne exchange CEO Christoph