(ANSA) - Milan, August 10 - The Milan stock exchange's FTSE
Mib index was 3% down on 20,984 points with about an hour of
trading left on Friday amid fears about the consequences of
plunge in the Turkish lira.
The spread between Italy's 10-year BTP bond and the German
bund, meanwhile, climbed to 264 basis points, with the yield on
the BTP close to 3% at 2.96%.
The BTP closed at 252 points on Thursday.
UniCredit stock was under heavy pressure.
The Italian bank owns Turkish lender Yapi Kredi.
Its share price was suspended for excess volatility when it
was 5.8% down at 13.60 euros, compared to its starting price of
14.46 euros on Friday.
Milan bourse amid Turkish fears
UniCredit under heavy pressure