Market Downturn Continues

Shares on the Tel Aviv Stock Exchange extended their losses on Monday, as investor sentiment was weighed down by concerns over US global tariffs and escalating tensions in Gaza.

Political Efforts to Mitigate Impact

Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with US President Donald Trump to discuss potential tariff reductions. Meanwhile, Finance Minister Bezalel Smotrich has initiated talks with the US administration to address the issue of duties, signaling a proactive approach to mitigate the economic impact.

Market Indices Reflect Bearish Sentiment

The TA-35 index witnessed a 2.26% drop, while the TA-125 and TA-90 indices fell by 2.6% and 3.16% respectively, highlighting the market's negative reaction to the ongoing challenges.