The TA-125 index has fallen roughly 5% since the announcement of the US-Iran agreement, trading down for a third straight day — a slide that runs counter to global market trends, according to N12 business reporter Yuval Shadmi.
The Tel Aviv Stock Exchange continues to slide following the US agreement with Iran, with the TA-125 index down approximately 5% since the deal was announced. Yuval Shadmi of N12 reports that the market has fallen for three consecutive days, diverging from the positive trend in global markets. This continues a broader decline that The Zioneer documented on Wednesday (15:35 Jerusalem), when the market lost NIS 2 billion in market cap over three days. At that stage the TA-35 had dropped 2.01% to 4,255.89 points. The current report, at 18:06 Wednesday, does not cite specific index levels for today's close but confirms the sell-off extends. The US-Iran agreement has been widely cited by traders and analysts as the primary catalyst, viewed domestically as potentially disadvantageous to Israel's strategic and economic position. No new official statements from the Finance Ministry or the Bank of Israel have been published alongside this report.
3 developments
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- DevelopingTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
- StrongTel Aviv Stock Exchange turns deep red as Iran market posts gains
- DevelopingTel Aviv Stock Exchange reverses morning gains, sinks 1.5%
Source and signal
- Internal intake