Market Insights

Israel Probing Short-Selling Before Hamas Attack – Guardian


Authorities in Israel are investigating claims by two American law professors who said some investors may have known about Hamas’ plan to attack Israel on October 7 and used that knowledge “to earn millions of dollars by short-selling Israeli shares”, according to a Guardian report on Monday, which cited research by the men who noted that short-selling of an exchange traded fund that broadly tracks the Israeli stock exchange “spiked” dramatically before the attacks, with one saying it was possible that profits from the short-selling could have topped $100 million.

“The Israeli Securities Authority said it was aware of the matter” and that it was being probed by “all the relevant parties”, according to the report, which added that the men’s research found there was an “unusual increase” in “risky” trades just before the attacks. “Our findings suggest that traders informed about the coming attacks profited from these tragic events,” they wrote in a 66-page report.

Read the full report: The Guardian.




Record Number of Chinese Blacklisted for Debt Defaults – FT


Wealthy Families, Private Firms Moving Billions Out of China – NYT


Palm Oil Giant First Resources ‘Tied to Huge Forest Clearing’ – ICIJ


Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

Recent Posts

Japan, Korea, US Agree Forex Cooperation As Yen, Won Dive

Fading hopes of a US interest rate cut anytime soon have pushed the Japanese currency…

10 hours ago

US Set to Restore China Solar Tech Tariffs After Korea Firm Plea

The solar division of Korean conglomerate Hanwha Corp, Qcells, is looking to protect a planned…

11 hours ago

Biden to Propose Tripling Tariffs on Metal Products From China

President eyes hiking tariffs amid a push for blue-collar votes on a visit to Pittsburgh,…

19 hours ago

Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades

With Japanese firms now wary about investing in China, the US's economic resilience has proven…

20 hours ago

Apple Eyes Indonesia Fab as it Reduces China Reliance – AP

Apple CEO Cook also met Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Tuesday as the…

20 hours ago

IMF Tips 3.2% Global Growth, Warns China on Property Crisis

IMF chief economist says China’s economy is strained by its property crisis and warns that…

21 hours ago