4 Hrs
Source:
RT Arabic
Israel’s Elite Warned
A day before Wall Street’s plunge, senior investment managers in Israel met at a closed-door conference and warned of the risks in technology stocks and the possibility that tech companies could face a debt crisis within two to three years. But a report by *Calcalist* did not suggest that information had been leaked; it described the moves as an early reading of the risks and a swift effort to hedge. The Nasdaq fell 5.5%, the S&P 500 dropped 4.4%, and the Philadelphia Semiconductor Index declined by about 12%, leaving more than 56 billion shekels in Israeli institutional investments exposed to risk. *The source text ends with stray Chinese characters (“码中特”).*
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