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Tel Aviv 35 Index Falls After Wall Street Opens Lower, Erasing Gains
The Tel Aviv 35 index erased earlier gains and closed down 0.2% after Wall Street opened lower, with insurance and oil stocks rising but technology shares falling sharply.
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What happened
- 01Tel Aviv 35 index closed down 0.2% after Wall Street opened lower.
- 02Insurance stocks surged, led by Clal Insurance’s 4.8% rise post-earnings.
- 03Oil and Gas Index rose 3.54%, driven by Delek Group’s 5.58% gain.
- 04Technology sector dropped 3.05%, with major chipmakers falling over 4%.
- 05Renewable energy stocks also declined amid overall market weakness.
- 06Trading volumes reached 3.9 billion shekels in stocks and 4.7 billion in bonds.
The coverage
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- Centre1
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How it broke
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