Stocks plunge amid eurozone concern

A GROWING concern that the eurozone debt crisis hasn’t been sufficiently dealt with plunged international stock markets into further freefall yesterday evening — with nearly £50 billion (€58bn) being wiped off the value of London-quoted shares and Dublin’s ISEQ hitting a two-year low, as Irish shares lost €1bn in value.

London’s FTSE market fell by 3.4% yesterday, to 5,393 points.

There was a similar percentage slip in Frankfurt, on the DAX; while the CAC-40 index in Paris was down by nearly 4% at 3,320 points. In Dublin, the ISEQ shed 94 points, or 3.55%, to 2,546 points — marking the Irish Stock Exchange’s lowest daily trading level for more than two years.