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News 2026-10-22 15:50 UTC

Italian Stocks Plunge to May Low

Italy’s FTSE MIB closed 2.5% lower to 48,384 on Thursday, nearing its lowest level since May, as banking and tech stocks led losses. AI-related shares came under pressure amid renewed valuation concerns, with Technopobe (-7.6%), Prysmian (-7.6%) and STMicroelectronics (-5%) dropping sharply. Protests by truck drivers a

News 2026-10-22 07:46 UTC

FTSE MIB Approaches May Lows

Italy’s FTSE MIB fell 1.7% to 48,800 on Thursday, approaching its lowest level since May, as banks, and technology stocks came under pressure. Prysmian plunged 4.1%, while STMicroelectronics dropped 3.5%, amid renewed concerns over AI-related valuations. UniCredit and Intesa Sanpaolo lost 2.2% and 2.6%, respectively, w