Don't miss

Replay


LATEST SHOWS

REPORTERS

A year after coup, Thai opposition resists junta rule

Read more

REPORTERS

Are there lessons to be learned from Chirac’s foreign policy?

Read more

THE INTERVIEW

Novak Djokovic: 'I have grown'

Read more

EYE ON AFRICA

At least three dead in grenade attack in Bujumbura

Read more

IN THE PAPERS

'French cinema triumphs'

Read more

THE INTERVIEW

'IS group is not most important threat to Iraq'

Read more

THE INTERVIEW

'The Iraqi people are more divided than ever'

Read more

BUSINESS DAILY

Is China creating a tech start-up bubble?

Read more

IN THE PAPERS

'The Good, the Bad and the Ugly'

Read more

Business

Spanish stocks plunge 6.64% on eurozone concerns

Text by News Wires

Latest update : 2010-05-14

The Spanish stock market closed down 6.64% Friday on continuing fears over the economic stability of the eurozone. Stock markets worldwide were under pressure Friday, with the European single currency sliding to its lowest point since 2008.

AFP - The Spanish stock market closed down 6.64 percent at 9,341.7 points on Friday on continuing fears over the economic stability of the eurozone.

The benchmark Ibex-35 index of leading Spanish shares began tumbling after New York opened at around 3:30pm (1330 GMT) and the slump had accelerated further by 5:00pm.

Banking stocks were worst affected, with Santander sliding 8.98 percent to 8.32 euros and BBVA dropping 7.58 percent to 8.78 euros.

The euro and stock markets worldwide were under pressure Friday, with the European single currency sliding to the lowest point since late October 2008 amid fresh eurozone crisis concerns.

The Ibex-35 slump followed a record rise of 14.43 percent on Monday on the news of a trillion-dollar rescue deal by the European Union and International Monetary Fund to ease the eurozone debt crisis.
 

Date created : 2010-05-14

COMMENT(S)