High-speed trading is where traders create complicated algorithms to buy and sell stocks in milliseconds
High-speed trading is where traders create complicated algorithms to buy and sell stocks in milliseconds

Italian stocks lost nearly 4 percent of their value on Monday, as the country started gradual reopening of national coronavirus lockdown.

The blue-chip index on the Milan-based Italian stock exchange fell 3.7 percent while the overall stock exchange dropped 3.9 percent. About a third of the day’s losses came in the last two hours of trading.

The weakness for stocks in Milan came despite the highly-anticipated start of “Phase 2” of Italy’s national coronavirus lockdown.

As of Monday, Italians were given greater freedom to leave their homes, while restaurants and bars that had been limited to delivery services could elect to offer takeaway menus. Other parts of the economy are set to reopen in future stages scheduled to enter into force every two weeks. Enditem

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Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.

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