ISEQ in freefall again

More than €3.5bn has been wiped off the value of Irish shares in trading on the Dublin Stock Exchange this morning.

The ISEQ index was down more than 180 points just before midday, a reduction of over 3.5%.

The banks and construction sector were the worst-affected, with Irish Life and Permanent, Bank of Ireland, AIB, Anglo Irish Bank and CRH all recording a reduction in share value.