Market Downturn Continues

Shares on the Tel Aviv Stock Exchange faced another day of declines as concerns over US global tariffs weighed heavily on investor sentiment.

Diplomatic Efforts Underway

Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump to discuss potential tariff reductions, a move that could alleviate some of the market's pressures. Finance Minister Bezalel Smotrich has already initiated talks with the US administration, signaling Israel's proactive stance on the issue.

Gaza Conflict Adds to Market Woes

The bearish trend was further exacerbated by renewed hostilities in Gaza and the dimming prospects for a ceasefire, adding another layer of uncertainty for investors.

Indexes Hit Hard

The TA-35 index dropped by 2.26%, followed closely by the TA-125 and TA-90 indexes, which saw declines of 2.6% and 3.16% respectively, marking a challenging start to the week for the Israeli stock market.