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Israeli stocks swing sharply after inconclusive election results

By ChordNews · First written

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Summary

Israel's stock market has been highly volatile since the Tuesday election, with the Tel Aviv Stock Exchange's main indices fluctuating through Wednesday and into Thursday morning. According to TheMarker, the TA-35 and TA-125 fell 1.8 and 2.5 percent on Wednesday, and banking, insurance and real estate indices also dropped sharply, per Ynet. The indices recovered somewhat on Thursday morning. An Israeli economic expert told TheMarker that the decline partly reflects a correction of optimistic expectations built up before the vote, and that a possible deadlock and prolonged uncertainty weighed on trading. He added that trading is expected to stay volatile in the short term and react to political developments.

This continues an earlier story: Tel Aviv stocks fall and shekel slides as Israeli election results point to no clear winner

Timeline

  1. Middle East Eye

    Source ↗

    Reports that Israel's stock market has been highly volatile since Tuesday's election, with the TA-35 and TA-125 indices falling 1.8 and 2.5 percent on Wednesday before partially recovering on Thursday morning, citing the Israeli economic daily TheMarker.

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