The Milan stock exchange's FTSE Mib
index suffered more huge losses after the opening of business on
Monday, shedding 7.4% amid continued turmoil on the money
markets sparked by the tariffs US President Donald Trump
announced last week.
The opening of trading in some shares, including
defence-and-aerospace giant Leonardo, was delayed due to
excessive pressure.
Financial stocks were hit especially hard again with BPER losing
11% and Popolare di Sondrio, Unipol and MPS down 10%.
The FTSE Mib had already lost 6.53% on Friday and shed 3.6% of
its value on Thursday after Trump on Wednesday announced the
tariffs, including a 20% hike on the duties on EU imports.
ALL RIGHTS RESERVED © Copyright ANSA
