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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.

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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%.