Israeli stocks, shekel continue to slide after first judicial overhaul law passed

Illustrative: 100 shekel banknotes, seen December 31, 2017. (Nati Shohat/Flash90)
Illustrative: 100 shekel banknotes, seen December 31, 2017. (Nati Shohat/Flash90)

Following yesterday’s declines after the coalition passed the first law in its planned judicial overhaul, both Israeli stocks and the shekel continue to fall.

The Tel Aviv Stock Exchange’s benchmark TA-125 index is down by 2.5% on the day while the shekel further weakens against the US dollar, falling to NIS 3.71 after starting the day at NIS 3.62.

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