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Last update - 11:56 22/01/2008 Tel Aviv Stock Exchange partially recoups early losses By Haaretz Service and Reuters Tags: Stocks, TASE, Israel  The Tel Aviv Stock Exchange partially recouped initial sharp losses Tuesday, as the major indices began climbing back at midday. The market opened to news of crashing stock prices in Asian and other overseas markets, and there were fears of a huge slide in Tel Aviv as well. The Tel Aviv 100 index was down 3.8 percent by mid-morning, but clawed upward by midday, down 2.2 percent. The Maof dropped 3.4 percent in early trading, but was down 1.8 percent close to noon. The Tel Aviv 25 went from a 3.5 percent loss to 2.4 percent, and the Tel-Tech from 3.7 percent to 2.7. Advertisement The sharpest slide was felt by the Real Estate index, which was down 5 percent. The Real Estate index has fallen 21 percent since January 1. Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising similar falls for Wall Street as investors abandoned assets exposed to the risk of a global economic slowdown. European stocks tumbled more than 3 percent at the opening bell after Japan's benchmark Nikkei average lost 5.7 percent - the worst one-day loss since the session after the Sept. 11, 2001 attacks on the United States - while MSCI's measure for other Asian stocks shed more than seven percent to five-month lows. Shanghai copper and zinc futures fell by their 4 percent daily limit as fears that the risk of a U.S. recession could eat into global growth killed the appetite for raw materials. London's Brent crude oil contract fell by $1 per barrel. "This is a meltdown. The weakness is spreading and there is nowhere to hide outside government bonds and of course cash," MF Global analyst Edward Meir said. "But this could be the last big capitulation before prices steady - this might be a selling climax, but it could still last all week." U.S. stock markets were set to open lower after a holiday on Monday following sharp losses in equity futures. Bookmark to del.icio.us   Message from space A newly-launched Israeli spy satellite sends Iran a very clear message. Gravediggers' plight Even getting buried in the Gaza Strip has gotten more complicated these days.   1.   the bubble bursts once more and everyone is surprised? 11:56  |  v hardman 22/01/08

Today Online Can the blockade of the Gaza Strip stop the Qassam rocket fire? Send response Israel delivers fuel for power plant, cooking gas to Gaza Strip Responses: 30 U.S. immigrant beaten up in 'pogrom' by ultra-Orthodox gang Responses: 77 Palestinian officials: 40% of Gazans lack running water Responses: 32 Israel fears int'l push to hand over Gaza borders to PA control Responses: 33 Rosner's Domain Domain's guest: American Jews must help improve Israel's education Obama's position on Israel questioned, again Why Republican candidate Mike Huckabee worries Jewish voters Rosner's Mailbox: Huckabee the candidate who would not sell Israel out Meadow Soprano is more proud of Israel than the US (WTR) More Headlines 12:06 Israel delivers fuel for power plant, gas to Gaza Strip 12:20 UN: Despite Israel's promises, W. Bank barriers have increased 12:18 Virtual trees: JNF takes planting online for Tu B'Shvat in shmita 10:27 Israel fears int'l pressure to hand over Gaza borders to PA control 11:48 China: Nuclear standoff with Iran is at a 'critical' stage 22:01 U.S. immigrant beaten up in 'pogrom' by ultra-Orthodox gang 08:41 Palestinian water authority: 40% of Gazans lack running water 04:16 Dutch FM says Israel unfairly singled out for criticism by UN 11:56 Tel Aviv Stock Exchange partially recoups early losses Previous Editions Select Day 21 jan 20 jan 18 jan 17 jan 16 jan 15 jan 14 jan 13 jan 11 jan 10 jan 09 jan 08 jan

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