Major indices on the Tel Aviv Stock Exchange fell about 1.5% in midday trading Wednesday, extending a losing streak to a third consecutive session. The drop is attributed to the US-Iran agreement, according to N12.
The Tel Aviv Stock Exchange continued its slide Wednesday morning, with leading indices falling about 1.5% for a third straight trading day, according to a report by Lior Bakalo on N12. The decline is attributed to the recently signed US-Iran agreement, extending a market downturn that began earlier this week.
The Zioneer previously reported that the exchange had turned sharply lower on Monday, June 15, reversing early gains to fall 1.5%, and earlier tracked a dip following the brief round of conflict with Iran on June 9. Several background items also note the broader context of US-Iran tensions weighing on regional markets.
The current drop deepens the sell-off as investors assess the implications of the deal between Washington and Tehran. No further details on trading volume or sector breakdown were immediately available.
2 developments
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- StrongTel Aviv Stock Exchange turns deep red as Iran market posts gains
- DevelopingTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
- DevelopingTel Aviv Stock Exchange reverses morning gains, sinks 1.5%
Source and signal
- Internal intake