Stocks tank as Italy debt fears resurface (AP)

By admin on November 26th, 2011

People check share prices on an electronic indicator in Tokyo, Friday, Nov. 25, 2011 as the 225-issue Nikkei Stock Average, shown top row center, lost 5.17 points to close at 8,160.01. Asian stock markets were mostly lower Friday after Germany continued to oppose a bigger role for the European Central Bank in managing the continent's debt crisis and Portugal's credit rating was lowered to junk. (AP Photo/Shizuo Kambayashi)AP – Stocks took another pounding Friday after Italy’s borrowing rates ratcheted higher following a pair of hugely disappointing auctions from the eurozone’s third-largest economy.


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