Market Downturn Continues

Shares on the Tel Aviv Stock Exchange have extended their downward trend, as investors remain wary of the implications of US global tariffs. The TA-35, TA-125, and TA-90 indices all experienced significant drops, reflecting the market's nervousness.

Political Discussions Ahead

Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump to discuss potential tariff reductions. Meanwhile, Finance Minister Bezalel Smotrich has initiated talks with the US administration regarding duties, signaling efforts to mitigate the economic impact.

Gaza Conflict Adds Pressure

The bearish sentiment is further compounded by renewed hostilities in Gaza and the dimming prospects for a ceasefire agreement, adding another layer of uncertainty to the market's outlook.