The sector held up rather well in China but is now being hit by boutique closures in Western countries.
Thomas Richter, CEO of German fund association BVI, stressed that stock exchanges must remain open despite the Covid-19's adverse impact.
Sellers are still finding buyers, but at rock-bottom prices.
The European Central Bank triggered new bond purchases at an emergency meeting late on Wednesday.
Global markets continued its slide, with European stock exchanges recording severe declines as the COVID 19 pandemic raised fears of an imminent recession.
Carrefour and Casino are the big winners of the French lockdown.
Local telecom player Unidata got listed on AIM Italia on 16 March.