Israeli Stock Market Falls After PM Netanyahu's Crypto Remarks
Translated & summarized from Ynet by baba
Israel's main stock indices fell on the first trading day after Prime Minister Benjamin Netanyahu suggested using cryptocurrency to bypass sanctions. The Tel Aviv 35 index decreased by 0.46%, the TA 125 by 0.45%, and the TA 90 by 0.57%. The Israeli currency traded near its previous closing rates against the dollar and euro.
The story in 4 lines · by baba
- Israeli stock indices declined on the first trading day after Prime Minister Netanyahu's crypto remarks.
- The Tel Aviv 35 index fell by 0.46%, TA 125 by 0.45%, and TA 90 by 0.57%.
- Netanyahu suggested using cryptocurrency to circumvent sanctions against Israel.
- The Israeli shekel traded near its previous representative rates against the dollar and euro.
The first trading day following Prime Minister Benjamin Netanyahu's statement on utilizing cryptocurrency to circumvent sanctions against Israel opened with declines in the leading stock indices. The Tel Aviv 35 index dropped by 0.46%, the TA 125 by 0.45%, and the TA 90 by 0.57%.
Currently, the Euro and the Dollar are trading at rates similar to their representative values. The Dollar, whose representative rate was set at 3.1120 shekels at the end of the week, is currently trading at 3.1115 shekels. The Euro, with a representative rate of 3.4844 shekels, is trading at 3.4870 shekels.
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