MADRID: Spanish stocks took a nosedive on Tuesday, losing more than 3.0 percent to fall below the 6,000 point threshold as investors worried whether the country needs an international debt bailout.
The Ibex-35 index of leading Spanish shares fell to 5,987.1 points in afternoon trading, a drop of 3.08 percent to a level last seen in April 2003, as Catalonia, the second biggest Spanish region, seemed set to ask for federal funds, compounding the central government's finance problems.
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