Spanish Stocks, Financials Tumble on Catalan Separatist Gains

(Reuters) Spanish stocks fell after Catalan separatists won a slim majority in a regional election, deepening a political crisis which has hurt the economy and caused a business exodus from the region. Spain’s IBEX .IBEX fell 1.2 percent after voters backed separatist parties in a rebuke to Prime Minister Manuel Rajoy and European Union leaders. The main stock index reduced losses later in the morning, last down 0.9 percent.

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