Housing fears prompt market falls

IRISH share values lost further ground yesterday as fears about the housing market saw another €500m wiped off the value of the ISEQ 100 Index which was down by a further 0.64% in late afternoon trading.

Losses this year are now close to €21 billion as investors continue to sell banking and construction stocks.

Elsewhere, the US and the rest of Europe were showing modest gains having suffered heavy losses in recent days.