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Crisis Spurs Stock Market Dive

September 20, 1989
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Rumors of an impending government crisis sent the Tel Aviv stock market plummeting Monday.

It dropped 10 points after signs emerged that the national unity coalition could break up over new disagreements between Likud and Labor over the peace process.

The market responded to the crisis in heavy trading Tuesday. The volume was 37.2 million shekels ($19 million), the highest in two years.

Trading in free shares, the market’s chief barometer, fell by more than 6 percent.

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