US EditionIsraeli Stock Market Surges to All-Time Highs Following US-Iran Tensions
ISRAEL, JUN 22 – The Tel Aviv 125 index rose 1.8%, extending a nearly 8% weekly gain as investors welcomed U.S. strikes aimed at halting Iran’s nuclear program.
- Israeli stocks surged to all-time highs on June 23 after the U.S. launched strikes on Iran's nuclear sites and Israel intensified attacks since June 13.
- This market rally followed uncertainty over U.S. involvement, which ended when the U.S. began its operation, signaling a broader escalation in the Middle East conflict.
- Investors reallocated funds into local assets, boosting government bond prices, the shekel's value, and causing 38 of 55 Tel Aviv Stock Exchange indexes to hit new records.
- Mizrahi Tefahot economist Ronen Menachem called the U.S. strikes a 'game changer' that may broaden the war and create regional investment opportunities.
- This market response reflects restored confidence amid ongoing geopolitical tensions, with some experts seeing a possible nearing of the conflict's end.
16 Articles
16 Articles
Israel's economy has not fully recovered from the shock of October 7, 2023. The war against Iran is causing further damage, but investors on the Tel Aviv stock exchange are betting on a better future.
Tel Aviv Stock Market Soars to Record Highs After US Attack on Iran’s Nuclear Facility
Even before the US operation, the Tel Aviv Stock Exchange (TASE) had been climbing steadily since last week, when Israel began Operation Rising Lion. By Shula Rosen The Tel Aviv stock market rose to record levels on Sunday in response to the news of the US attacks on Iran’s nuclear facilities. The broad Tel Aviv 125 index closed up 1.8%, extending its gains to nearly 8% over the past week, while the blue-chip TA-35 index rose 1.5%. Even before t…
Jerusalem Post
ZawyaTel Aviv shares hit record highs after US strikes Iran nuclear sites
Bond prices increased as much as 0.2% on Sunday. The shekel does not trade on Sunday but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month.
Israeli Stock Market Surges to All-Time Highs Following US-Iran Tensions
Israeli stocks hit new all-time highs, opening over 1.5% higher on Sunday after the US attacked Iran's nuclear sites. The Tel Aviv 125 index rose by 1.5%, and the TA-35 climbed 1.6% in early trading. Share prices had increased by approximately 6% over the previous week.
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