The Tel Aviv Stock Exchange entered correction territory on Tuesday, as the TA-125 index completed a slide of more than 10% from its all-time high set about six weeks ago, according to N12 business reporter Yuval Shadmi.
The Tel Aviv Stock Exchange entered official correction territory on Tuesday afternoon, with the benchmark TA-125 index falling more than 10% from its record high set roughly six weeks ago, according to N12 business correspondent Yuval Shadmi.
As The Zioneer has reported, the current sell-off extends a pattern of sustained losses that began after the U.S.-Iran agreement announcement last week. The exchange had briefly snapped a four-day losing streak on Thursday before renewing its decline. Prior to that, the market had also dipped after the short round of fighting with Iran on June 9.
The correction — a drop of 10% or more from a recent peak — is the first such milestone since the current bout of market volatility began. No specific catalyst for Tuesday's decline was immediately cited in the source report.
- DevelopingTel Aviv stock market extends sell-off for fourth straight day, TA-125 down 0.8%
- DevelopingTel Aviv Stock Exchange reverses morning gains, sinks 1.5%
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- StrongTel Aviv Stock Exchange turns deep red as Iran market posts gains
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake