The Tel Aviv Stock Exchange took a nose dive Sunday, suffering the biggest losses since October. The general share index dropped by 2.52 percent and declines outnumbered gains by 369 to 17.
The index stood at 98.11 at closing. Shares valued at 19.83 million shekels changed hands.
Experts were divided over whether Sunday’s plunge was a reaction to the 140-point decline on the New York Stock Exchange last Friday.
Those who thought it was recalled that the Tel Aviv exchange suffered its worst losses ever on the heels on the New York stock market crash of Oct. 19.
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