CryptoWorld News reports that this month, Israel’s stock market and currency have become the worst-performing assets globally. Israel’s benchmark index, TA-35, has plummeted by more than 12% in USD terms this month— the largest drop among major global stock indices. In percentage terms, June’s sell-off will be the most severe month since October 2023, when Hamas launched attacks on Israel and sparked a devastating war in the Gaza Strip. This intense regional conflict, which has lasted nearly three years, has instead led to a substantial surge in Israeli assets, as investors bet that Israel would gain a safer situation—thereby driving its economic growth. From November 2023 to the beginning of this month, the shekel strengthened against the US dollar by 42%, making it the best-performing currency worldwide. Israel’s stock market has nearly quadrupled, with gains exceeding South Korea’s KOSPI index and ranking second only to Ghana globally. However, these gains are now narrowing. Since negotiations between Iran and the United States began, the Israeli shekel against the US dollar has fallen by about 5% as of June— the largest decline among global currencies. One of Israel’s largest banks, Hapoalim Bank, said that the agreement being reached between Iran and the US is seen by local investors as failing to improve Israel’s long-term security outlook. More notably, it is still far from the high expectations formed during the early stages of military actions against Iran.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes

Reward
5
4
1
Share

Comment

Add a comment

ForkMoment

· 3h ago

From the world’s number one to the bottom in just one month—Shaiqel’s roller-coaster ride is even harder to predict than the situation in Gaza.

View OriginalReply0

BlackVelvetKey

· 6h ago

The geopolitical premium is receding, and the funds previously betting on safety are withdrawing.

View OriginalReply0

BluePeonyPrincipalProtection

· 6h ago

TA-35’s drop gives back everything you gained over the past two years—then you even end up having to pay extra for it, a textbook case of conflict trading backfiring.

View OriginalReply0

BreadthHunter

· 6h ago

42% of the gains have been retraced, indicating that the market has never believed in permanent peace—only in immediate news.

View OriginalReply0

Trending Topics
View More
#
Get2SharesOfSKHynixAtZeroCost
139.19K Popularity
#
GateStocks7x24Trading
8.76M Popularity
#
PredictWorldCup🏴󠁧󠁢󠁥󠁮󠁧󠁿vs🇬🇭
902.61K Popularity
#
TradFiCFDGoldMasters
2.07M Popularity
#
SpaceXPlunges16%MarketCapErodes400B
1.99M Popularity

Pinned

Sitemap

Israeli assets plummet, years of war dividends vanish as peace talks expectations fade away

Trending Topics

Get2SharesOfSKHynixAtZeroCost

GateStocks7x24Trading

PredictWorldCup🏴󠁧󠁢󠁥󠁮󠁧󠁿vs🇬🇭

TradFiCFDGoldMasters

SpaceXPlunges16%MarketCapErodes400B

Pinned