Iceland stock market plunges on opening
Tuesday, 14 Oct 2008 11:53
Iceland's stock exchange has re-opened
The Icelandic stock exchange has re-opened after closing for two days but plunged 76 per cent immediately after trading began.
The Icelandic Stock Exchange fell 76 per cent in its first hour, after last week's financial crisis forced it to close on Thursday.
However, trading in Kaupthing, Landsbanki, Glitnir, Straumur-Burdaras, Reykjavik Savings Bank (SPRON) and Exista, remains suspended.
Yesterday, diplomatic relations between Britain and Iceland appeared to thaw after the Bank of England offered a loan of up to £100 million to Landsbanki.
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