The Milan bourse on Thursday closed
4.1% down, below the psychologically important 25,000 threshold
as the bellwether FTSE-Mib index fell to 24,890 after Russia's
attack on Ukraine.
It returned to levels last seen in July 2020.
The fall is outside the top 10 worst daily plunges, which
include16.9% on March 3, 2020 after COVID-19 exploded, and 12.4%
on June 24 2016 after the Brexit referendum.
The FTSE-All Share index fell 3.99%, with 30.3 billion euros in
share capital going up in smoke.
Italy's second biggest bank UniCredit led the way down with a
12.6% loss and tyre maker Pirelli, one of those most exposed in
Russia, fell by 10.62%.
Other banks suffered too with Italy's top bank Intesa down
8.26%, Banca Generali off 9.75% and Mediolanum down 9.08%.
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