The Tel Aviv Stock Exchange experienced significant declines today, with major indices dropping sharply. Insurance companies led the losses, with the Tel Aviv Insurance Index falling nearly 7 percent, though it remains substantially higher for the year. Bank stocks also weakened, influenced by a warning from the finance minister about potential tax increases on super profits. Market analysts described the downturn as a natural correction following strong gains, attributing much of the selling to profit-taking rather than any specific negative event. Despite the sharp falls, experts suggest that the fundamentals remain unchanged and see potential buying opportunities for investors who are confident in the local economy's resilience.