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Tel Aviv Stock Exchange Opens Higher Amid US Tech Rally and Geopolitical Developments

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 1 day ago

What happened

The Tel Aviv Stock Exchange opens higher following Wall Street's tech-driven rally and despite June losses amid geopolitical tensions. Semiconductor stocks lead gains, while local bonds and the shekel remain stable. Analysts foresee continued growth in the chip sector fueled by AI demand, with cautious optimism ahead of the US employment report.

01Tel Aviv Stock Exchange set to open positively after Wall Street tech rally and semiconductor gains.
02June was the worst month since October 2023 for TA-35 amid geopolitical tensions involving US-Iran and Israel-Lebanon agreements.
03Gilat and Boni Tachton shares surged on new contracts and real estate deals; Ashtrum declined after insurance partnership.
04US semiconductor sector posted strongest quarter since 2020, driven by memory and AI-related chips.
05Israeli government bonds rose slightly with investors anticipating Bank of Israel rate cuts; shekel stable against major currencies.
06Cantor Investment Bank projects semiconductor market growth to $3.5 trillion by 2030, driven by AI infrastructure expansion.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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