Israeli Stocks Decline as Gaza Escalation Spooks Investors
Israeli military vehicles by Israel’s border with the Gaza Strip, on Sept. 16.
Israeli stocksare heading for a five-day losing streak as the country intensifies its military campaign in Gaza, spooking investors hoping for an end to the war.
TheTel Aviv Stock Exchange 35 Indexfell as much as 2.3% on Tuesday, briefly posting the biggest losses in the world before paring the slide to 0.3%. The selloff came even as global stocks were extending their rally to a 10th day amid expectations for further Federal Reserve easing.
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