Milan bourse plunges -12% after Brexit

(ANSA) - Milan, June 24 - The Italian stock market plunged more than 12% Friday after Britain voted to leave the European Union. This was the biggest single-day loss that it was possible to find working back to 1994 by analysing the history of the FTSE MIB and its predecessor, the Mibtel. The bourse lost 8.24% on October 6, 2008, after the Lehman Brothers failure and 7.57% after the September 11, 2001, terrorist attacks in the United States.
    Milan was surpassed by Athens, where the market lost 13.4% at the close. Paris (-6.58%) and Frankfurt (-5.83%) also suffered.
   

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