Shares plunge on ‘worst day in Irish financial history’

SHARES plunged yesterday as fear gripped the markets in one of the worst days in Irish financial history.

Irish stocks dived more than 7% at close yesterday as investors fled amid concern about the state of the Irish banks.

The market has been on tenterhooks ever since the Government announced its intentions to nationalise Anglo Irish Bank, following a 98% drop in the bank’s market value.