ISEQ plunges 236 points

The ISEQ has plunged 5.95% to 3,739.45 - down 236 points - as stock markets dipped today as scepticism persisted about a US bail-out plan ahead of Congressional testimony by US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke.

Shares in the financial sector were in freefall with their losses being blamed on the ban of 'short selling' of financial stocks, which was announced last week.