Coronavirus: "There is no need to close the stock exchange," says Italy's Consob

Eugenia Jiménez
clock • 2 min read

Italian market regulator Consob has said it sees no need to halt trading after markets sank over the weekend following the government's imposition to lock down large areas in the north of the country to contain the Coronavirus contagion. Milan's blue chip index plunged over 10% after the Italian government signed a decree on Sunday to impose movement restrictions of people in the northern region of Lombardy, and in 14 more provinces across the north.  Consob said in a statement: "Consob has no evidence that the performance of the Italian Stock Exchange is a reflection of speculative a...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Eugenia Jiménez
Author spotlight

Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.