MILAN: Shares in Italian carmaker Fiat were suspended for excessive losses on Tuesday as investors took fright at a higher-than-expected net industrial debt in the company's third-quarter results.
The stock was indicated down 3.15 percent at 1118 GMT, having turned negative shortly after the results came out.
"Investors are selling on the debt which was above consensus of 6.5 bln euros. Though having said that there were some who feared it might have been over 7 bln euros," a fund manager at a top Milan asset management group said.
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