Business
The capital market in Israel
"There is panic and running rumors": What is the source of the stock market malfunction?
An unusual stock market crash that brought trading rates back to pre-opening levels this morning has raised market speculation about a cyber attack.
The stock exchange and the Securities Authority have not yet commented on the matter
Tags
The Tel Aviv Stock Exchange
Guy Ben Simon
Thursday, 26 November 2020, 16:10 Updated: 16:41
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments
"There is panic and rumors are circulating. There are those who say it is cyber but nothing is known. There has never been such a thing," a capital market official told Globes about a malfunction that brought stock market prices back to pre-opening prices this morning.
At around 3:35 PM, the stock market indices suddenly raged for no apparent reason, raising speculation about a malfunction and even a cyber attack.
Traders in the market tell Globes about "a very serious trading malfunction on the stock exchange. This is an extreme event."
Another trader said that "according to reports in the capital market, it is not possible to send buy and sell orders. On the face of it, this is an unusual and even serious malfunction."
"What increases market speculation is the stock market's lack of response on the issue," another trader told Globes.
Market sources estimate that "the fault is not related to trade but probably to distribution, it has significance for trade. Trade continues to exist today so that if there are problems the conclusions will be drawn later".
More on Walla!
NEWS
Beyond what you imagined: Here are all the things your recreational vehicle can do and did not know
In collaboration with HONDA
To the full article
The abnormal fluctuations in the Tel Aviv 35 Index
Walla!
NEWS Globes
An official response has not yet been received from the stock exchange at this time.
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments