The Real Drama Behind Tel Aviv’s Stock Market Tumble

Steep losses on Sunday and Monday – between 4% to 5% on each of the two days for the leading indices – marked one of the most painful trading sessions in recent times.

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“This is a day for doing nothing. You don’t need to turn off the computer and go to the beach, but it’s the type of day where every action you take might lead to a loss,” said one of the most senior fund...