Market Report / Erroneous Order Sends Tel Aviv Shares Higher

Stocks rise despite falls by European shares, stung by fears that governments will fund bailouts by taxing bank deposits. Mizrahi-Tefahot falls, however.

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While many world share markets were dropping Monday due to the EU's plan to fund a Cyprus bank bailout by taxing depositors, Tel Aviv mysteriously rallied late in the day. Alas, it was an erroneous order.