European shares have ended lower amid increasingly dire economic readings due to the coronavirus, while bank stocks plummeted as several majors suspended dividend payments.

In Dublin the ISEQ was 162 points (3.2%) lower by the end of trading at 4,991.

Shares in Applegreen were up 10.1% to €2.40, while shares in Origin Enterprise rose 8.6% to €2.17. Shares in Glanbia were down 8.6% to €9.02, while shares in Ires REIT fell 8.4% to €1.12.

In London the FTSE was down 217 points (3.8%) to 5,454 by the end of trading. In Paris the CAC was down 189 points (4.3%) to 4,207, while the DAX in Frankfurt was 391 points (3.9%) lower at 9,545.

Meanwhile in New York the Dow Jones was trading 898 points (4.1%) lower by early afternoon at 21,019, while the Nasdaq was down 300 points (3.9%) to 7,399.

Asian markets dropped in earlier trade today after suffering a diabolical first quarter, with traders contemplating the prospect of lengthy lockdowns as the coronavirus continues its deadly sweep across the planet. Tokyo's Nikkei index slumped 851 points (4.5%) to finish at 18,065 while the Hang Seng index in Hong Kong lost 517 points (2.2%) to close at 23,086.