Mon: China's DeepSeek unsettles markets

Chip companies Nova, Camtek and Tower led the huge losses after Chinese startup DeepSeek launched a free AI assistant, developed at a fraction of the price invested by OpenAI.

The Tel Aviv Stock Exchange fell steeply today. The Tel Aviv 35 Index fell 2.27% to 2,463.60 points; the Tel Aviv 125 Index fell 2.17% to 2,502.99 points; and the BlueTech Global Index fell 2.63% to 476.03 points. The All Bond corporate bond index fell 0.06% to 396.02 points. Turnover totaled NIS 3.38 billion in equities and NIS 4 billion in bonds.

The TASE like markets worldwide sustained huge losses after Chinese startup DeepSeek launched a free AI assistant, developed at a fraction of the price invested by OpenAI.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 1.119% from Friday, at NIS 3.615/$, and the representative shekel-euro rate was set 1.344% higher at NIS 3.802/€.

Chip companies led the heavy losses today. Camtek (Nasdaq: CAMT; TASE: CAMT) fell 11.47% for the biggest fall on the Tel Aviv 35 Index. Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) fell 10.4% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) fell 9.95%. OPC Energy (TASE: OPCE) fell 5.92%.

Bank Leumi (TASE: LUMI) led the market today, falling 1.96% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.78%, Mizrahi Tefahot Bank fell 0.94% and Israel Discount Bank (TASE: DSCT) fell 1.87%.

NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.6% for the biggest rise on the Tel Aviv 35 Index today. Enlight Renewable Energy (Nasdaq: ENLT; TASE: ENLT) rose 1.33% and Energix Renewable Energies (TASE: ENRG) rose 1.18%.

Published by Globes, Israel business news - en.globes.co.il - on January 27, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

Thu: TASE ends volatile week with strong gains

Nova jumped on strong fourth quarter results while ICL and parent company Israel Corp. led the declines.

Wed: TASE tumbles after high US inflation data

Nova and the banks led the TASE lower as Strauss Group bucked the market.

Tue: TASE lower amid Hamas truce concerns

Tower Semiconductor led the losses on the TASE today as Camtek and Nova bucked the market.

Mon: TASE resumes strong gains

NICE Systems and ICL rose strongly today as Melisron led the declines.

Sun: TASE down as Teva declines continue

Teva and NICE Systems lost ground as the banks rose.

Thu: TA 35 Index up 2.4% for week

Camtek and NICE led the gains today and Mivne led the declines as the market closed the day mixed.

Wed: Trump's plans boost TASE

Phoenix and Harel led the gains today while Teva continued to decline.

Tue: TASE rebounds strongly

Alony Hetz led the gains today after reporting that Aaron Frenkel had become its biggest shareholder, while Teva fell again.

Mon: Trump tariff threats spook world markets

Sapiens and Energean led the declines today as Tower Semiconductor led the gains.

Sun: TASE opens week higher

Delek and NewMed rose strongly as Teva and NICE Systems fell back.

Thu: Teva slide continues

The main indices fell today, to make it a negative week, with weakness in the banks, and Teva still under a cloud.

Wed: Teva plunge weighs on TASE gains

Teva fell sharply after disappointing 2025 guidance while insurance stocks Phoenix and Harel led the market higher.

Tue: TASE edges higher as market recovers

The banks bounced back today but chip companies Tower and Camtek fell further.

Mon: China's DeepSeek unsettles markets

Chip companies Nova, Camtek and Tower led the huge losses after Chinese startup DeepSeek launched a free AI assistant, developed at a fraction of the price invested by OpenAI.

Sun: NICE Systems jumps

The TASE edged higher today led by NICE Systems and Teva while the banks declined.

Thu: TA 35 closes week off

After a very strong start to the year, the Tel Aviv Stock Exchange stuttered somewhat this week,

Wed: Renewable energy stocks weigh on TASE

Renewable energy companies Enlight and Energix led the declines today as Nova and Camtek bucked the market.

Tue: Elbit gains on flat TASE

Elbit Systems and Bezeq led the gains on the TASE today as Teva and El Al fell back.

Mon: El Al gains strongly on flat TASE

El Al rose strongly on news of its talks to gain permission to distribute a dividend as the banks declined.

Sun: TASE opens week with continuing strong gains

ICL and the banks led the market higher today as NICE and Elbit lost ground.

Thu: Camtek, Nova surge; El Al dips

The main TASE indices kept up their powerful opening to 2025, with the Tel Aviv 35 Index up 3.1% for the week.

Wed: Imminent Gaza deal lifts TASE

Nova and Camtek led he gains today as El Al slipped.

Tue: Hostage release reports boost TASE

Nova and NICE Systems led the Tel Aviv 35 Index to yet another new record today.

Mon: TASE mixed as banks gain

Shares in the Tel Aviv Stock Exchange's own stock fell sharply after the company bought back 4.82% of its own shares, part of the stake held by the Manikay Partners hedge fund.

Sun: El Al leads market higher

El Al and Delek Group led the gains today while Ormat and Teva slipped.

Thu: Elbit Systems, El Al stand out

The positive start to 2025 continues, with the Tel Aviv 35 Index up 1.5% for the week.

Wed: Banks lead market losses

The banks and real estate stocks led the declines today as Teva and Elbit bucked the market.

Tue: Bezeq gains on flat TASE

Bezeq, Teva and Camtek led the gains today as Ormat and Shufersal slipped.

Mon: Chip cos lead TA 35 Index to new record

Camtek and Nova led the strong gains today but Teva slipped.

Sun: Phoenix, Shikun & Binui, Israel Shipyards stand out; Teva falls

The main indices got the week off to a positive start.

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