Tel Aviv Stock Exchange dives for 2nd day amid concerns over Trump’s tariffs
Sharon Wrobel is a tech reporter for The Times of Israel
Shares on the Tel Aviv Stock Exchange tumble for a second day as investor concern over a global trade war intensified following the Trump administration’s new tariff policy.
The Tel Aviv Stock Exchange’s benchmark TA-125 index drops 3.1 percent after falling 3.8% on Sunday. The TA-35 index of blue-chip companies is down 2.8%. The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index, declines 3.6%, and the TA-Insurance and Financial Services index dives 4.2%.
Tel Aviv shares fall sharply after stocks in Asia and Europe continue to drop. On Friday, the S&P index in the US lost almost 6%, the biggest drop since June 2020, and the Dow Jones Industrial Average slumped 5.5%
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