Market Downturn Continues

Shares on the Tel Aviv Stock Exchange have continued their downward trend on Monday, as concerns over US global tariffs weigh heavily on investors' minds.

Political Efforts to Mitigate Impact

Israeli Prime Minister Benjamin Netanyahu is set to discuss potential tariff reductions with US President Donald Trump during their upcoming meeting in Washington. In parallel, Israel's Finance Minister Bezalel Smotrich has initiated talks with the US administration to negotiate on duties, aiming to alleviate the economic strain.

Underlying Causes of the Bearish Trend

The Israeli stock market's decline is further exacerbated by renewed hostilities in Gaza and the dimming hopes for a new ceasefire agreement, adding to the market's pessimistic outlook.

Index Performance Snapshot

By 9:19 am CET, the TA-35 index had dropped by 2.26%, followed closely by the TA-125's 2.6% dip a minute later. The TA-90 index experienced the steepest fall, plummeting 3.16% by 9:21 am CET.