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TASE Slide Gathers Pace
Banks and real-estate stocks led losses as the Tel Aviv 35 Index fell 2.95% and the shekel weakened after an indecisive vote count, analysts said.
- Following an indecisive election with 70% of ballots counted, the Tel Aviv Stock Exchange opened sharply lower on Wednesday, October 28, 2026; the TA-90 index fell 3.5%, while the TA-35 declined 1.7%.
- Reversing Tuesday's gains, the shekel weakened significantly against foreign currencies as vote counts progressed; the dollar climbed to around 3.09 shekels from a low of 3.02, while the euro rose to approximately 3.44 shekels.
- Market declines concentrated in real estate and banking, with the real estate index dropping 3.66% and construction falling 3.83%; Israel Canada shares fell 6.27% after surging 62% on Monday.
- Certified public accountant and strategic business adviser Eran Buchris explained that small businesses face rising costs; paying a foreign supplier $50,000 now costs 2,500 shekels more due to exchange rate fluctuations.
- Fuel prices, sensitive to the dollar's exchange rate, will be announced Thursday; Meir Vider, CEO of Vider Mortgages, advised homebuyers not to panic or postpone signing agreements.
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18 Articles
18 Articles
The markets had speculated on a victory of the opposition. Therefore, the leading index had risen in advance. The currency also weakened – the biggest daily loss in 1.5 years.
·Düsseldorf, Germany
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Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts
Israel's election results indicate Prime Minister Netanyahu's right-wing bloc is projected to win 54 seats. While the opposition bloc led by Gadi Eisenkot is expected to secure 47 seats, neither group achieved a parliamentary majority. The shekel weakened significantly, and the Tel Aviv stock index fell following the surprising election results. Analysts predict a challenging path ahead for forming a stable government in Israel.
·India
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Coverage Details
Total News Sources18
Leaning Left4Leaning Right3Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 33%
C 42%
R 25%
Factuality
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