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

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...