Shares on the Tel Aviv Stock Exchange continued their downward trend on Monday, as US global tariffs kept driving investors' concerns.
Israeli Prime Minister Benjamin Netanyahu is expected to discuss possible tariff reductions during his meeting with US President Donald Trump in Washington, set to take place later in the day. Additionally, Israel's Finance Minister Bezalel Smotrich revealed that his ministry has already started negotiations on duties with the US administration. The Israeli stock market's bearish trend also stems from renewed fighting in Gaza and pessimistic prospects for a new ceasefire agreement.
The TA-35 index fell by 2.26% at 9:19 am CET. A minute later, the TA-125 dipped 2.6%. The TA-90 index plummeted 3.16% at 9:21 am CET.
