Markets
Swiss stocks plunge 3.19pc in afternoon trade
ZURICH : Swiss stocks plunged 3.19 percent to 5,007.18 points in afternoon trade, in line with key bourses as investo
ZURICH: Swiss stocks plunged 3.19 percent to 5,007.18 points in afternoon trade, in line with key bourses as investors launched a sell-off after last week's downgrade of the United States' credit rating.
Stocks in luxury groups led the fall across the board, with Richemont tumbling 6.38 percent to 39.63 francs and Swatch declining 7.83 percent to 334.10 francs.
Copyright AFP (Agence France-Presse), 2011
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