Full coverage· Economy· Updated
Israeli Investment Funds Suffer Losses in October Amid Global Market Downturn
Israeli provident funds largely posted losses in October due to global market volatility, with AI company business model doubts and geopolitical tensions impacting energy prices. The More investment house's fund was the sole exception, achieving positive returns.
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What happened
- 01Nearly all Israeli provident funds reported losses in October due to global market instability.
- 02The More investment house's provident fund was the only one to achieve positive returns in October.
- 03Global market volatility was driven by uncertainty surrounding AI companies and geopolitical tensions.
- 04Israeli stock indices saw significant declines alongside international markets.
- 05Future market performance in Israel depends on the formation of a stable government.
Experts cite uncertainty over AI, potential U.S. rate hikes, and Israeli political instability as key factors influencing market performance. A stable Israeli government is expected to boost the market, while new elections could cause further declines.
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