Business · Markets · 11 hrs ago
Milan's FTSE MIB falls 0.72% as technology stocks slide
Milan's main stock index closed lower on Wednesday.
The FTSE MIB fell 0.72% to 49,397 points.
Uncertainty about continued AI investment weighed on technology shares.
Technoprobe fell 10.3%, the biggest drop among the stocks listed.
STM also declined, while Saipem, Prysmian and several banks fell.
TIM, Leonardo and Snam rose, leaving the market with a mix of gains and losses.
Milan’s FTSE MIB closed down 0.72% at 49,397 points.
Technology stocks weighed on the index amid uncertainty about the durability of investment in artificial intelligence.
Technoprobe fell 10.3%, the steepest decline among the stocks mentioned.
STM fell 3.8%, while Saipem, Prysmian and some banks also declined.
TIM, Leonardo and Snam rose.
- Who
- Milan’s FTSE MIB and shares listed on it.
- What
- The index closed down 0.72% at 49,397 points.
- When
- 15 October 2026.
- Where
- Milan, Italy.
- Why
- Technology stocks fell amid uncertainty about the durability of investment in artificial intelligence.
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This story does not have a timeline yet.
- FTSE MIB close
- Down 0.72% at 49,397 points
- Technoprobe
- Down 10.3%
- STM
- Down 3.8%
- TIM
- Up 1.9%
- Leonardo
- Up 1.87%
- Snam
- Up 1.33%