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Markets

Spanish share prices plunge 3.07 percent

MADRID : Spanish share prices plunged 3.07 percent on Wednesday as Italian state borrowing costs soared to record high
Published November 9, 2011

 MADRID: Spanish share prices plunged 3.07 percent on Wednesday as Italian state borrowing costs soared to record high levels in a spiralling eurozone crisis.

The leading IBEX-35 index fell 261.9 points to 8,256.6 early afternoon. Among the hardest hit, builder Sacyr Vallehermoso plummeted 6.42 percent to 4.721 euros and banker BBVA dropped 4.13 percent to 5.829 euros.

 

Copyright AFP (Agence France-Presse), 2011

 

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