TASE opening delayed due to large falls

By HILLEL KOREN, TAL MOISE/GLOBES

September 4, 2011 12:37

Trading on the Tel Aviv Stock Exchange (TASE) opened after a delay, because the Tel Aviv 25 Index fell by over 2.5% in pre-market trading. The opening was affected by the losses on global markets on Friday following the publication of disappointing macroeconomic figures, including the US jobs report, which showed that the unemployment rate remained unchanged at 9.1% in August.

Investors are also worried about September 20, when the UN General Assembly is due to vote on whether to declare an independent Palestinian state.

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