Milan's leading financial index
joined other European markets in showing heavy losses Monday
after Shanghai Composite Index made one of its worst showings in
years.
Milan's FTSE Mib lost 1.66% by mid-day Monday to reach
23,116.85 points, while Paris's financial market shed 1.4%,
Frankfurt fell by 1.2%, Madrid dropped 0.7%, and London traded
0.2% lower.
The losses came after Shanghai fell by 8.5%, its worst
one-day fall since February 2007, according to published
reports.
Investors appeared to be nervous about weakness in the
Chinese economy and financial markets.
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