Market Downturn Continues

Shares on the Tel Aviv Stock Exchange have continued their downward trend this Monday, as concerns over US global tariffs weigh heavily on investors' minds. The situation is further complicated by renewed hostilities in Gaza and dimming hopes for a ceasefire.

Political Efforts Underway

Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump to discuss potential tariff reductions. In parallel, Israel's Finance Minister Bezalel Smotrich has initiated negotiations with the US administration to address the issue of duties, signaling a proactive approach to mitigate the economic impact.

Indexes Take a Hit

The market's reaction was immediate and severe, with the TA-35 index dropping by 2.26%, followed closely by the TA-125 and TA-90 indexes, which fell by 2.6% and 3.16% respectively within minutes. This stark decline underscores the market's sensitivity to both international trade policies and regional instability.