Irish bank and real-estate stocks dropped after the general election delivered a strong showing for a left-wing nationalist party that campaigned on an increased role for the state in the economy
Irish stocks dropped Monday after the general election delivered a strong showing for a left-wing party that campaigned on an increased state role in the economy.
Ireland’s benchmark ISEQ All-Share index fell 1.2% Monday, underperforming the broader European market. Among the biggest losers were shares in local banks like Bank of Ireland Group PLC and AIB Group PLC, which lost 8.3% and 5.4%, respectively. Real-estate companies suffered too, with home builder Glenveagh Properties PLC dropping 10.9% and Cairn Homes PLC falling...
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