Tel Aviv Stock Exchange faces 5% drop post rally
The Tel Aviv Stock Exchange (TASE) slid 5.47% on Monday, just days after reaching all-time highs.
This sudden dip follows weeks of rising share prices, fueled by hopes that US action against Iran would help stabilize the region.
TASE had been on a roll—up nearly 10% since June
If you're watching global markets or investing, this is a reminder of how quickly things can turn when geopolitics heat up.
The TASE had been on a roll—up nearly 10% since mid-June—but fresh US-Iran tensions and military strikes have shaken investor confidence.
Sell-off kicked in after US airstrikes on Iranian nuclear sites
The sell-off kicked in after US airstrikes on Iranian nuclear sites and Iran's missile retaliation, which even damaged the TASE building.
With missile alerts and airspace closures adding to the chaos, uncertainty spiked.
Still, Israel's markets have shown resilience thanks to strong fundamentals and steady investor trust in how the country manages crises with US backing.