Losses continued on the Irish Stock Exchange this morning in the aftermath of the terrorist attacks in New York and Washington DC.
However trading volume slowed to a trickle as investors took a 'wait and see' stance.
At 11.30 a.m. the ISEQ was down 252 points or 4.6 per cent at 5,193
As expected the worst affected in Dublin were companies with US interests and those in the transport sector.
AIB shed almost 10 per cent to euro 10.50, Jefferson Smurfit is down 9.3 per cent at euro 2.05 and Kerry is off 6 per cent at 13.28.
Travel and tourism shares also suffered heavy falls in Dublin. Ryanair is down 10.2 per cent, Jurys Hotels fell 6 per cent to euro 7.60 and Gresham Hotels lost 6 per cent to 6.65.
But dealers stressed that this morning’s falls were based on very low volumes and the markets struggle to measure the impact of the attacks.
As one Dublin dealer told ireland.com: "Nobody knows what's going on."