Israel Shares Drop Most in Month on U.S. Growth Concern, Protest

Israeli shares slumped the most in almost a month amid concern the U.S. economy may slip into a recession and after more than 400,000 people demonstrated against the high cost of living in the Middle East nation.

Perrigo Co., the maker of over-the-counter drugs, slid for a second day. Discount Investment Corp., billionaire Nochi Dankner’s holding company, retreated 5 percent. The TA-25 Index dropped 4.4 percent, the biggest decline since Aug. 7, to 1,082.47 at the 4:30 p.m. close in Tel Aviv. In the U.S., the Standard & Poor’s 500 Index tumbled 2.5 percent on Sept. 2.