Tehran Stocks Drop After U.S. Kills Top Iranian General
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Iran’s stocks slumped at the start of the trading week after the killing of a top military commander raised fears of a military confrontation with the U.S.
The TEDPIX, the country’s main all-share index, dropped more than 4% to 367, 610 points by midday on Saturday, the lowest level since Dec. 25, according to data on the Tehran Stock Exchange’s official website, tse.ir. The stock exchange caps daily fluctuations at 5 percent to control market volatility, according to its website.