Tel Aviv Stock Exchange declines.
The Israeli newspaper Yedioth Ahronoth reported that the Tel Aviv Stock Exchange saw a sharp decline for the sixth consecutive day on Wednesday amid declining investor confidence and rising economic concerns.
The Israeli newspaper added that the TA 35 index (Tel Aviv 35) fell 1.88 percent, the TA 90 index (Tel Aviv 90) fell 2.38 percent, and the TA 125 index (Tel Aviv 125) fell 1.99 percent.
The banking index also fell 2.64 percent, and the insurance index fell the most, dropping 4.3 percent.
According to IRNA, Israeli Prime Minister Benjamin Netanyahu earlier acknowledged the regime’s economic isolation in a press conference and emphasized the need for Israel to prepare for a self-sufficient economy.
Following these statements, the Israeli stock markets fell sharply, and key market indicators faced significant declines.
According to the report, the Tel Aviv Stock Exchange was severely shocked after Netanyahu’s statements.
The Israeli Prime Minister admitted that the regime is mired in political isolation and will be forced to turn to a closed and self-reliant economy in the face of global isolation.