TASE falling 2% Wednesday morning after six soldiers die in terror attack

Tel Aviv stocks are dropping 2% on Wednesday morning after the terror attack on Tuesday in which six soldiers were killed at a road block in the territories.

Nasdaq fell 3% on Tuesday, which isn¿t helping the mood in Tel Aviv.

Leading indices are down to their levels before December 23, when key lending rates were cut by 2%.

The Maof-25 blue chip index is dropping 2.2% to 407.3 points, and the TA-100 index is off 1.8% to 394.5 points. Technology shares are off 2.2%. Total turnover is slim at NIS 13 million.

Teva Pharmaceuticals (Nasdaq:TEVA) is down 2.1% on NIS 1.9 million volume, after opening with 2% negative arbitrage spread.

Bezeq is down 2.5%. The company issued a profit warning for 2001, and said results will show marked negative effect relating to substantial losses in subsidiary Pele-Phone, where Bezeq owns 50%. Cellular provider Pele-Phone is expected to make big one-time write-downs in Q4 on capital equipment. The results do not indicate deteriorated performance, Bezeq said.

Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is dropping 4.7% after opening with $.7% negative arbitrage spread.

Bank Hapoalim is down 0.2%, Bank Leumi is off 1.9%.

More from Technology

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Some Companies Are Already Feeling the Effect of GDPR

Some Companies Are Already Feeling the Effect of GDPR

Experts Break Down GDPR Risks for Investors

Experts Break Down GDPR Risks for Investors

Netflix Ready to Surpass Disney as America's Most Valuable Media Company

Netflix Ready to Surpass Disney as America's Most Valuable Media Company