Greek stocks are crashing and the Greek stock market isn't even open

Greece’s Athens Stock Exchange General Index is closed until at least July 6 as markets await the outcome of Greece’s referendum, but that has not stopped Greek stocks from crashing.

The Global X FTSE Greece 20 ETF (GREK) is lower by 15% in pre-market trading on Monday. The early selling has GREK trading below the $US10 level for the first time since 2012.

GREK is crashing.

According to, almost 80% of GREK is comprised of Greek stocks.

GREKETF.comGREK country breakdown

The biggest weighting is in the financial sector, which makes up almost 30% of the ETF.

GREK sectorsETF.comSector weighting of GREK

Here is a look at the top 10 holdings of GREK.

GREK Top 10 HoldingsETF.comThe top 10 holdings in GREK.

NOW WATCH: Forget the Apple Watch — here’s the new watch everyone on Wall Street wants

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at