Markets
Italian stocks plunge after credit rating downgrade
MILAN : Italian stocks plunged at the start of the session on Tuesday after Standard & Poor's downgraded Italy 's sover
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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.
Copyright AFP (Agence France-Presse), 2011