5.45pm Markets Update

Updated: Monday 22 September 2014 17.59

European shares have fallen today, with a benchmark index retreating from the previous session's near-seven-year high, as concern over the pace of growth in China knocked down mining heavyweights such as Rio Tinto and BHP Billiton.

In Dublin the ISEQ was five points (0.1%) lower by the close of business, ending the day on 4,860.

Shares in Providence were 4.6% higher at €1.60, while shares in Petroceltic rose 4.2% to €2.20. Shares in Mainstay Medical fell 6.7% to €14, while shares in Ryanair were 2.9% lower at €7.34.

In London the FTSE ended the day 64 points (0.9%) lower at 6,773, pushed down by a sharp fall in Tesco shares after the company revealed that its profit forecasts were overstated by £250m. In Paris the CAC was 18 points (0.4%) lower at 4,442, while in Frankfurt the DAX fell 50 points (0.5%) to 9,749.

Meanwhile in New York, the Dow Jones was 70 points (0.4%) lower at 17,210 by early afternoon, with the Nasdaq trading 55 points (1.2%) lower at 4,524.

Earlier in Asian trade, Tokyo's Nikkei index closed 115 points (0.7%) lower at 16,026 while the Hang Seng index in Hong Kong fell 351 points (1.4%) to finish at 23,955 before the release of Chinese manufacturing data which investors fear could indicate further economic weakness.