MILAN Feb 26 The Italian stock market extended
early losses to be down nearly 5 percent on Tuesday after an
inconclusive result in Italy's parliamentary elections raised
fears of a political stalemate that could re-ignite the euro
zone debt crisis.
Banking stocks, which had earlier failed to open for
excessive losses, started trading deeply into the red, dragging
the whole blue-chip index lower.
The country's two largest lenders, Intesa Sanpaolo
and UniCredit, fell 8 percent and 7 percent
respectively while insurer Generali shed 6 percent.
(Reporting By Silvia Aloisi; editing by Francesca Landini)