Piazza Affari falls: tech stocks suffer
The Milan Stock Exchange closed the day in negative territory. The main index, the FTSE MIB, recorded a drop of 0.47%, particularly affected by the weakness of the technology sector, which suffered the most significant losses during the trading session.
Among the companies hit hardest were Technoprobe and STMicroelectronics. Technoprobe's stock marked a decline of 8.98%, while STMicroelectronics closed the day with a loss of 7.06%. These results negatively influenced the overall performance of the Milanese index.
Regarding the bond market, the spread between the Italian BTP and the German Bund stood at 109 basis points. The yield on the ten-year Italian BTP reached 4.48%.
Investors continue to monitor the performance of the financial markets closely, seeking to assess the impact of tech sector performance on the national and international economy in the coming days.