Election 2020: Irish stocks - 'Anything with a property angle is getting hit'

Shares in the Irish housebuilders and the banks tanked, but the cost of borrowing for the Irish State remained at record low levels, as markets reacted to the sweeping electoral gains of Sinn Féin.

“Anything with a property angle is getting hit,” said Richard Flood, investment manager at Brewin Dolphin in Ireland, as investors scrambled to anticipate policy changes for any potential government involving Sinn Féin.