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Israeli Stocks Tumble After Inconclusive Election Results
Israeli shares fell sharply on Wednesday in mid-day trading after the general election yielded inconclusive results. The construction index dropped 8% and banks were down 4%, while the shekel weakened against the US dollar. The market had previously recovered from steeper losses earlier in the day.
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What happened
- 01Israeli stocks fell sharply Wednesday following inconclusive election results.
- 02The construction index was down 8% in mid-day trading.
- 03Banks were down 4% on the Tel Aviv Stock Exchange.
- 04The shekel lost ground against the US dollar.
- 05The market had recovered from steeper earlier losses.
Haaretz English publishes in English. The key points are summarized above. Read Haaretz English’s full report from the link below.
The coverage
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- Centre1
- RightNone
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