italian stocks plunge after credit rating downgrade
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Italian stocks plunge after credit rating downgrade

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Emiratesvoice, emirates voice Italian stocks plunge after credit rating downgrade

Milan - AFP

Italian stocks plunged at the start of the session on Tuesday after Standard & Poor's downgraded Italy's sovereign debt rating overnight, citing political and economic risks. The benchmark FTSE Mib index in Milan dropped 1.21 percent, with insurance giant Fondiaria-SAI and truck maker Fiat Industrial worst hit. Italy's two biggest banks, UniCredit and Intesa Sanpaolo, also fell sharply.  

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