A global stock market slump wiped €2.5 billion off Irish stocks on Thursday as Ireland’s main stock index fell 3.11 per cent. Markets tumbled after the arrest in Canada of a top executive at Chinese telecoms group Huawei fanned concern over the ability of the US and China to make their trade truce permanent. Kingspan was the worst hit of the Irish stocks yesterday, down 6.57 per cent. Meanwhile, Britain’s main stock market barometer slumped on Thursday to a two year low, down more than 3.58 per cent. However, Beijing has said it is implementing elements of the 90-day truce agreed with US president Donald Trump, leading some market commentators to question the extent of the stock market declines.

Source: The Irish Times December 06, 2018 10:58 UTC