Israeli share market plunges
Xinhua, August 24, 2015 Adjust font size:
The Israeli share market has further plunged on Monday, with main share indexes dropping about 3.5 percent for a second consecutive day, as uncertainty grasps global markets.
Losses were felt across the board, from banks to high-tech and bio-med stocks. The benchmark Tel Aviv-25 index, which includes the top 25 firms at the Tel Aviv Stock Exchange, ended down 3.5 percent, while the oil-gas index dropped six percent.
On Sunday, Israeli finance ministry said the country's economic growth in the second quarter of 2015 decreased from two percent in the first three months of 2015 to 0.3 percent in the second quarter.
A financial review by economists said that Israel's growth ranked lower than Greece and the average 1.7 percent growth in European Union countries, adding that the slowdown was attributed mainly to sluggish exports and foreign investments. Endit