The Tel Aviv Stock Exchange traded sharply lower on Monday afternoon, with the market in the red, according to Israeli media reports. The losses come as Iran's stock market reportedly shows gains, widening the gap between the two exchanges amid the ongoing security escalation.
The Tel Aviv Stock Exchange was trading in deep red territory on Monday afternoon, with Israeli media reporting broad declines across major indices. The downturn extends the morning's losses, which saw the market reverse initial gains and fall about 1.5%, as The Zioneer reported at 12:04. The current slide comes alongside reports that the Iranian stock exchange has gained $25 billion since last night, according to a news aggregation channel. The contrasting performance between the two markets — Israel's declining and Iran's rising — reflects the diverging economic expectations as the military escalation between the countries intensifies. No specific index figures for the afternoon session have yet been published.
2 developments
- DevelopingTel Aviv Stock Exchange reverses morning gains, sinks 1.5%
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- DevelopingTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
- DevelopingTel Aviv Stock Exchange opens slightly higher, shekel strengthens
Source and signal
- Internal intake