China fears hit ISEQ
The ISEQ index of Irish shares reflected the plight of world markets today as moves by the Chinese government to impose a 'stamp tax' on stock trades put pressure on the global trade in stocks.
The Dublin stock exchange ended the day down 79.44 points to 9,840.38.
China imposed the tax in a bid to curb investor enthusiasm for the markets.
The financial institutions all suffered, especially IL&P which plummeted 30 cents to €20.70 and AIB which fell 15 cents to €22.51. Both Bank of Ireland and Anglo Irish Bank slipped five cents to €16.55 and €17.45 respectively.
However, the major faller of the day was Building material group CRH which saw its stock nosedive 54c to €35.41, while rival Kingspan fell 20c to €21.97.
Elsewhere, Smurfit Kappa fell 25c to €19.30 and UTV dipped 15c to €6, but insurance giant FBD Holdings soared 78c to €39.44.
