Tel Aviv stocks fall and shekel slides as Israeli election results point to no clear winner
Summary
Israeli stocks fell after election results pointed to a deadlock. Al Jazeera reported that the benchmark Tel Aviv 125 index dropped more than 3 percent as exit polls showed no clear election winner and uncertainty grew over who will lead the next government. The Times of Israel reported that Tel Aviv stocks dropped and the shekel slid as the near-final vote count indicated a looming political deadlock. Investors, who had bet on a change in government, braced for weeks of uncertainty.
Timeline
Al Jazeera
Source ↗The Tel Aviv 125 index fell more than 3 percent as exit polls showed no clear election winner and uncertainty grew over who will lead the next government.
The Times of Israel
Source ↗Tel Aviv stocks dropped and the shekel slid as the near-final vote count indicated a looming political deadlock, with investors who had bet on a change in government bracing for weeks of uncertainty.
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