Israel is reportedly investigating claims of anomalous stock trading ahead of the Oct. 7 Hamas attack (Business Insider)

    2
    0

    Israel is reportedly investigating claims of anomalous stock trading ahead of the Oct. 7 Hamas attack – By Filip De Mott (Business Insider) / Dec 4, 2023

    • Reuters reported on Monday that Israel is investigating claims of anomalous trading ahead of the October 7 terrorist attacks.
    • A paper by US researchers cites a significant increase in short selling activity in the days ahead of the attack.
    • Short interest trades exceeded spikes in Israel’s previous crises, such as the 2014 Israel-Gaza conflict.

    Israel is looking into claims by researchers in the US of increased short selling activity ahead of Hamas’s attacks on Israel on October 7, Reuters reported on Monday.

    The Israel Securities Authority told the outlet that authorities are aware of the matter, which “is under investigation by all relevant parties.”

    ISA did not immediately respond to Business Insider’s request for comment.

    The newly published study states that in the days ahead of the October 7 assault, the MSCI Israel Exchange Traded Fund underwent a significant spike in short selling, while short interest on hundreds of Tel Aviv Stock Exchange securities also “increased dramatically.”

    CONTINUE > https://markets.businessinsider.com/news/stocks/israel-hamas-war-short-selling-stock-research-paper-oct-7-2023-12?_gl=1*id730k*_ga*NTIyODQ4Nzg4LjE2OTcxNDEzMzQ.*_ga_E21CV80ZCZ*MTcwMTcyNTIyMi42LjEuMTcwMTcyNTI0OC4zNC4wLjA.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here