Israeli stock-market plummets as US-China trade war escalates

August 26, 2019 by Arye Green -TPS
Read on for article

The Israeli stock market is showing the consequences of the global trade war, as the major indexes suffer substantial losses as trading commenced yesterday.

Photo: Andrew McIntire/TPS

The screen at the Tel Aviv stock exchange turned red on Sunday morning, as the major indexes dropped. The TA-35 Index lost 2.66% of its value the TA-125 Index plummeted by 2.71% and the TA-RealEstate decreased in value by 2.29% during the first half of Sunday’s trading.

The losses in the Israeli stock market mirror the sentiments of investors worldwide, as the trade war escalated during the weekend. The stocks around the world already signalled the investors’ dissatisfaction from the US-china trade war on Friday, as they suffered significant losses.

Over the weekend intensions to initiate new tariffs were declared by China and the US, maintaining high tensions in the global economy, and as signs of a worldwide recession are becoming clearer.

Israeli stock markets are an early indicator for global economic sentiments at the beginning of the week, as the stock markets around the world don’t operate on Sunday. On Sunday afternoon, at the G7 summit, President Donald Trump expressed regret over the trade war escalating and said he is having second thoughts.

The Israeli stock exchange could be an excellent live indicator for the investors’ reaction to the latest trade war developments.

Speak Your Mind

Comments received without a full name will not be considered
Email addresses are NEVER published! All comments are moderated. J-Wire will publish considered comments by people who provide a real name and email address. Comments that are abusive, rude, defamatory or which contain offensive language will not be published


    Rules on posting comments