Tel Aviv TA-90 Index Enters Bear Market for First Time in 3 Years
Translated & summarized from Now 14 by baba
The Tel Aviv Stock Exchange's TA-90 index has entered a bear market, marking a decline of over 20% from its May peak. This is the first time in three years the index has reached this status, joining other indices that have also fallen significantly. The real estate index hit a one-year low on Tuesday, while broader indices like the TA-35 and TA-125 also saw declines.
The story in 5 lines · by baba
- The TA-90 index entered a bear market, a drop of over 20% from its peak.
- This is the first time the TA-90 index has entered a bear market in three years.
- The index's decline follows a period of gains that began shortly after October 7th.
- The real estate index reached a more than one-year low on Tuesday.
- Broader indices TA-35 and TA-125 also closed Tuesday with losses.
The Tel Aviv Stock Exchange's TA-90 index has entered a bear market, defined as a drop of over 20% from its peak, for the first time in three years. This occurred after the index fell more than 20% from its high in May. The TA-90 index, considered the third most important on the exchange, joins several other indices that have already entered bear territory this year, including the banks and defense indices. The TA-90's entry into a bear market follows a period of gains that began shortly after October 7th. Meanwhile, the real estate index reached a more than one-year low on Tuesday. The broader TA-35 and TA-125 indices also closed Tuesday's trading session with declines of 0.6% and 0.9% respectively, while the TA-90 experienced a sharper drop of 2%. A 10% drop from a peak is typically termed a "correction," while a 20% or greater decline signifies a bear market, indicating a more substantial downturn.
