Major indices on the Tel Aviv Stock Exchange turned sharply lower after opening positive, falling about 1.5% in a move against the global trend, according to N12.
The Tel Aviv Stock Exchange shifted sharply downward Monday morning, with the leading indices dropping about 1.5% after opening higher. The move runs counter to the upbeat global trend, according to N12.
The decline comes after a volatile period for Israeli markets: as The Zioneer reported on June 9, the TA-35 and TA-125 had shed about 0.8% during morning trading following the conclusion of the short round of fighting with Iran. A steeper sell-off was recorded on June 8, when markets plunged and the dollar neared 3 shekels amid the Iran escalation, before stabilizing and opening slightly higher on Monday of that week.
The specific triggers for today's reversal were not detailed in the report. The shekel's movement against the dollar was not immediately updated in the initial trading data.
- StrongTel Aviv Stock Exchange turns deep red as Iran market posts gains
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- DevelopingTel Aviv Stock Exchange opens slightly higher, shekel strengthens
- DevelopingTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
Source and signal
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