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Irish Business News Discussion:     Irish Shares Slide

Dublin's ISEQ index was down by almost 3% this morning, as Irish and world stock markets slide down yet again. This latest sharp falls are sparked by new fears about the US mortgage market.

European shares opened sharply lower this morning after Wall Street took a beating last night. Figures showing rising mortgage defaults in the US exacerbated fears that the country's housing slump could spread to the broader economy. It was the worst day for US shares since February 27, when the Dow plunged more than 400 points amid a global stock market rout.

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