Telefónica cuts the stock market crash and the falls are concentrated in its German subsidiary

Telefónica manages to drain its stock market bump and starts the day with a fall of 0.6%, to 3.53 euros, after suffering its worst session in more than three years on Wednesday. The focus of concern now is on its German subsidiary, Telefónica Deutschland, which continues to modify a frightened investor and falls more than 4.3%, which leads it to lose a fifth of its capitalization in just two days. This means that it has gone from having a market value of 7,220 million to 5,600 million one hour after the opening of the markets in the Old Continent.