World stocks sank again today, as car and bank stocks took a battering on reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops.European markets have been at the centre of a market selloff fuelled by concerns about the region's geographical proximity to Russia and its heavy reliance on Russian gas supplies.
Dublin's ISEQ index was also seeing big losses this morning, tumbling by 5% in afternoon trade. Companies including Cairn Homes, CRH, ICG, Smurfit Kappa and Ryanair were all lower. Wall Street's main indexes lost more than 1% as concerns over the intensifying war in Ukraine overshadowed data that showed an acceleration in jobs growth last month.Bank of America dropped 3% and the broader banks index wasdown 2.9%, tracking a fall in Treasury yields.