Five things to know ahead of the stock market opening
Trading in Tel Aviv is expected to open this morning after days of declines that ended last night with a mixed trend. Asia shows a mixed trend, Wall Street futures are down following Amazon and Intel reports. The insurance index fell 2.5%, while biomed and banks rose. Alrov is expected to be delisted after a tender offer.
Trading on the Tel Aviv Stock Exchange is expected to open this morning after days of declines that ended last night with a mixed trend. In Asia, a mixed trend is recorded: Japan's Nikkei weakened by about 2.3%, South Korea's Kospi plunges by about 4.2%, and China's Shenzhen loses 1.2%, while Hong Kong's Hang Seng adds 1.6%. Wall Street futures are recording declines, led by the Nasdaq which loses about 2% following a drop in Amazon and Intel shares after quarterly reports. Dual-listed stocks return to Tel Aviv in a mixed trend. The insurance index fell 2.5% led by Ayalon and Wissour, amid reports that Ayalon is considering giving up its provident fund activity. In contrast, the biomed and banking indices rose by 1.4% and 0.8% respectively. Also reported was a tender offer received by Alrov Real Estate and an increase in Menora Mivtachim's holdings in the Hajaj Group. The headline promises five things but the body provides a general overview.