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March 13, 2020, 4:53 a.m. EDT

European authorities ban short-selling on some Italian and Spanish stocks

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By Barbara Kollmeyer

The London Stock Exchange on Friday announced a ban on short selling -- or a bet of shares falling -- of Italian and Spanish stocks listed on that exchange, while Borsa Italiana and Spain's CNMV enacted a similar ban on stocks in those countries. It comes after a brutal selloff for global equities, and the worst day since the Black Monday fall of 1987 for the Stoxx Europe 600 index. The FTSE MIB Italy index /zigman2/quotes/210598024/delayed IT:I945 -4.60% slid 15% on Thursday, while the Spain IBEX 35 index /zigman2/quotes/210597995/delayed XX:IBEX -4.96% dropped 14%. Those indexes were up nearly 5% and 3.7%, respectively on Friday.

IT : Borsa Italiana
-1,246 -4.60%
Volume: 0.00
Nov. 26, 2021 5:35p
XX : Spain: Madrid
-438.20 -4.96%
Volume: 453.06M
Nov. 26, 2021 5:38p

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