MADRID, Oct. 27 (Xinhua) -- The Spanish risk premium has shot up on Friday and the Spanish stock market index dropped after the parliament of Spain's northeastern region of Catalonia unilaterally declared independence.
The Spanish risk premium climbed to 120 points, rising from 111 points in early trading to 117 points at mid-session and then the 120 points after the declaration.
Meanwhile, Spain's stock market index Ibex-35 was down 1.92 percent after the declaration, falling to 10,155 points.
Spain's bank Banc Sabadell led falls, losing 6.05 percent, followed by airline group IAG, Spain's third largest bank CaixaBank, Spain's second-largest bank BBVA and supermarket chain DIA that lost 5.45 percent, 4.1 percent, 3.39 percent and 3.2 percent respectively.
Motorways operator Abertis led rises advancing 0.45 percent, followed by chemical and pharmaceutical company Grifols and casing company Viscofan that rose 0.2 percent and 0.08 percent respectively.
