TASE floor blood-letting halts trade

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By Stan Goodenough
November 20, 2008

Israel's Hebrew-language daily Ha'aretz reported Thursday that the country's economy was being battered by the global financial storms, with the Tel Aviv Stock Exchange plummeting to the point where trading was halted.

The situation was described as a "bloodbath" as indexes registered severe losses.

Earlier in the day The Jerusalem Post reported that Israel's currency was trading at four shekels to the dollar.

It was the first time that the American currency passed that threshold in almost a year.

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