Italian stocks plunged in early trade Monday morning, as the euro zone’s third-largest economy grappled with the largest coronavirus outbreak outside of Asia.
European markets screeched lower in morning trade with the FTSE MIB index trading 1,180 points down at 23,590 or 4.7% lower. Shares of Italian banks fell sharply while the stock of Juventus soccer club was briefly halted after falling 11%.