6pm Markets Update

Updated / Tuesday, 23 Oct 2018 18:01

Stock markets - the latest movements

Wall Street stocks have followed Europe and Asia lower as investors fled for safety as they worried about US earnings, Italy's finances and US trade tensions while pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi.

In Dublin the ISEQ closed 94 points (1.6%) lower at 5,930.

Shares in Ryanair were 3.3% higher at €12.38, while shares in IFG Group closed 3.2% higher at €1.63. Shares in Malin Corp were down 13% to €4, while shares in Kingspan fell 4.5$ to close on €38.70.

In London the FTSE was 88 points (1.2%) lower by the end of trading at 6,955. In Paris the CAC was down 85 points (1.7%) to 4,967, while the DAX in Frankfurt fell 239 points (2.1%) to 11,285.

Meanwhile in New York the Dow Jones was trading 333 points (1.3%) lower by early afternoon at 24,984, while the Nasdaq was down 82 points (1.1%) to 7,386.

Earlier in Asian trade, Tokyo's Nikkei index slumped 604 points (2.6%) to end at 22,011 amid lingering worries over geopolitical risks and ahead of the corporate earnings report season. The Hang Seng index in Hong Kong tumbled 806 points (3%) to end at 25,346 on the back of those geopolitical concerns and worries about China's economy.