Market Downturn Continues

The Tel Aviv Stock Exchange witnessed a continued decline as investor sentiment was dampened by the looming US global tariffs. This downward trend highlights the growing concerns among investors regarding the impact of these tariffs on the Israeli economy.

Political Efforts to Mitigate Impact

Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump to discuss potential tariff reductions. In parallel, Finance Minister Bezalel Smotrich has initiated negotiations with the US administration, aiming to alleviate the financial strain on Israel's market.

Additional Pressures on the Market

The bearish trend is further exacerbated by renewed hostilities in Gaza and the bleak outlook for a new ceasefire agreement, adding another layer of uncertainty to the already volatile market situation.

Index Performance

By 9:19 am CET, the TA-35 index had fallen by 2.26%, followed by a 2.6% dip in the TA-125 a minute later. The TA-90 index saw a more significant drop, plummeting by 3.16% at 9:21 am CET.