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Shares down sharply on Milan exchange, trading halted in some bank stocks
MILAN (AP) ¯¯¯ Shares are down sharply on the Milan stock exchange with trading in some banks and other issues halted because of excessive declines as fears over an escalation in Europe's debt crisis gripped markets once again.
Within an hour of opening Monday, the index was down some 2.5 per cent.
Bank stocks were being battered with UniCredit and Intesa Sanpaolo among six banks suspended from trading for sharp losses. Insurance company Generali also saw its shares suspended.