The Milan stock exchange Ftse Mib
index of share prices tumbled by 7% Monday in the wake of the
heavy losses on Wall Street in response to mushrooming Asian
markets panic. The plunge on the Milan bourse took place as
trading was suspended in more than half of major companies on
the stock exchange including Fca, Intesa, Eni, Unicredit,
Generali and Mps. Among those still being traded in Milan were
Yoox, which was down 9% and Tenaris down 8% though prices of
Pirelli, Ansaldo and Wdf were stable.
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