\nTimes of Israel<\/a>
\nAugust 25, 2013<\/p>\n
A typing error caused the value of one of Israel\u2019s largest companies to instantly drop over 99% in value Sunday, dragging the Tel Aviv stock exchange down several points before the mistake was discovered and fixed.<\/p>\n
The Israel Corporation saw its value plummet by 99.88% in a matter of minutes around noon on Sunday, bringing the TA-25 index down by 2.5% and triggering an automatic fail safe that shut down trading for a short time.<\/p>\n
The catastrophic mistake was apparently caused during a transaction by a trader who wanted to sell shares in another company but accidentally entered Israel Corp. shares instead, Globes<\/a> reported.<\/p>\n The transaction was canceled, but in the meantime trading ground down to just 84% of the daily average.<\/p>\n Israel Corp. is Israel\u2019s largest holding company, primarily dealing in fertilizers and specialty chemicals.<\/p>\n As of 2:45 p.m. the TASE-25 had made an almost complete recovery.<\/p>\n
![\"A](\"http:\/\/cdn.timesofisrael.com\/uploads\/2013\/08\/tase.jpg\" "\\"A")
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