US jitters hit market

THE Dublin market closed more than 2% down yesterday following heavy losses on Tuesday in New York.

Continued fears over the US economy drove shares on Wall St lower and the principal European bourses followed that lead yesterday. The ISEQ index fell 205.81 to 6,683.33.

Financials had a bad day as their US counterparts were particularly weak overnight. AIB and Bank of Ireland were down 51.3c and 36.3c to €14.77 and €10.17. Irish Life and Permanent shed 15.4c to €11.20 and Anglo-Irish followed suit down 45.1c to €9.82.