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Full coverage· Economy· Updated

Tel Aviv Stock Exchange Drops 2.4% Amid Global Market Downturn

The Tel Aviv Stock Exchange fell 2.4% on Wednesday, influenced by global market declines and rising bond yields. The insurance sector and chip company stocks experienced sharp drops, with NextVision losing over 22% in two days after Fidelity sold a major stake.

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Tel Aviv Stock Exchange Drops 2.4% Amid Global Market Downturn
Illustration by baba

What happened

  1. 01Tel Aviv Stock Exchange declined 2.4% on Wednesday due to global market trends.
  2. 02Israeli 10-year bond yields rose to 4.166%, impacting market performance.
  3. 03NextVision shares plummeted over 22% in two days after a large stake sale by Fidelity.
  4. 04The insurance sector and chip company stocks were among the hardest hit on the TASE.
  5. 05An investment expert linked the Israeli market's fall to wider global negative market waves.

Experts attribute the Israeli market's downturn to broader global negative trends, noting its severity locally.

Translated and summarized by baba from Al-Shams, the latest report. Read Al-Shams’s original

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