FTSE MIB Hits 4-Month Low
2026-03-23 08:52
By
Kyrie Dichosa
1 min. read
The FTSE MIB fell nearly 2% to around 42,800 on Monday, hitting its lowest level since late November last year, as escalating turmoil in the Middle East kept global markets on edge.
President Donald Trump signaled potential US strikes on Iran’s power infrastructure if the Strait of Hormuz remains closed.
In response, Tehran warned it could fully shut the key shipping route and target energy and water facilities in neighboring countries, heightening risks of broader regional disruption and energy supply shocks.
Nearly all stocks traded in the red, led by Poste Italiane (-6.9%) after it announced a cash-and-share offer to acquire former telecom monopoly Telecom Italia, whose shares, in contrast, rose more than 4%.
Other laggards included Prysmian (-3.3%), STMicroelectronics (-3.8%), and Leonardo (-3.3%), while heavyweight financials also declined.