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Tel Aviv Stocks Drop
By Micah Halpern

Friday March 17, 2023
I've Been Thinking:

The Tel Aviv Stock Exchange dipped after the collapse of Silicon Valley Bank which sent shock waves throughout the global tech industry.

The stock exchange’s benchmark TA-125 index dropped three point thirty-one percent, while the TA-35 index of blue-chip companies lost three point one percent. Other prominent indices, such TA-Biomed, TA-RealEstate, TA-Investment Properties Abroad and TA-Banks5, fell by 4 to 5 percent each. Silicon Valley Bank (SVB) is the biggest lender to fail since the 2008 crisis.

The repercussions of this event are expected to have a substantial impact on tech companies and technologies worldwide, including those based in Israel.

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24 March 2023 10:54 AM in Thoughts

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