Surprise Strike Shuts Tel Aviv Stock Exchange for Five Hours

Foreign traders shocked and paralyzed as TASE trading fails to open at usual time because of strife between union, management ■ Trading set to open 1:15 P.M. Israel time ■ Union spokesman denies strike, blames CEO for cutting staff

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Trading on the Tel Aviv Stock Exchange began five hours late on Tuesday because of surprise labor sanctions by computer operators, according to the exchange spokeswoman.