Israeli shares slide, shekel weakens as Gaza tensions soar

Shares in Israel declined and its forex weakened on Tuesday as massive rocket barrages from the Gaza Strip, fired at southern Israel cities and border communities, dampened the temper of buyers in Tel Aviv. Sentiment on the stock exchange was clouded even more by drops on Wall Avenue on Monday on problems of a rise in inflation, and amid a decline in shares in Asia on Tuesday.

The “significant escalation” in the south has impacted investing on the Tel Aviv Inventory Exchange, which follows the “sharp price declines” on Monday in the US and Asian shares on Tuesday early morning, Leumi Cash Marketplaces economists Dudi Reznik and Kobby Levi mentioned in a notice on Tuesday early morning.

“If the recent round of fighting is limited and constrained, then the prevailing assumption is that the domestic stock market place will return fairly speedily to in which it was prior to the