TASE looking up after China lowers interest rate

China’s central bank lowered the interest rate by 0.25 percent, stimulating world markets to rebound from a nightmarish trading day yesterday.

Indices at the Tel Aviv Stock Exchange are looking up, with the Tel Aviv 25 index rising by 2.9% and the Tel Aviv 100 index rising by 3.2%.

Tel Aviv 75 rises by 4.4%. Trading shortly after noon stands at NIS 1.3 billion, with two more hours of trading left. Trading around the globe on Sunday ended with sharp drops, as the slowdown of the Chinese economy rippled across world stock exchanges.

Most Popular
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.