Investors Brace for Turbulent Times in the Wake of Gaza Assault by Hamas Terror Group
In the aftermath of an unprecedented surprise attack on Israel by the Hamas terror group launched from Gaza, the Tel Aviv Stock Exchange (TASE) experienced a significant downturn. The TA-35 stock index, representing blue-chip companies, dropped by 4.8%, while the benchmark TA-125 index saw a decline of 5%. Additionally, the TA-90 index, which tracks shares with the highest capitalization not included in the TA-35 index, recorded a substantial drop of 5.8%.
The TA-Bank index, which monitors the performance of the five largest banks, slumped by 6.3% as investors reacted to the heightened uncertainty in the region.
