For Tel Aviv Stocks, the Bull Escaped in August and Never Came Back

The stock exchange’s TA-25 index rose 4.35% for the year, a better performance than in a lot of markets but not great.

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For investors on the Tel Aviv Stock Exchange, if the year had ended in August all would have been fine. The benchmark TA-25 index was up 17% at the start of that month, but from then on it was all downhill....