Israeli Stocks Fall Around 3%, Shekel Drops 2.3% as Election Points to Deadlock
Preliminary election results point to a political deadlock. The TA-35 drops around 3%, the TA-125 loses more than 3% intraday, and the shekel falls 2.3% against the dollar to 3.1230.
1045 ET - Israeli stocks fall sharply Wednesday and the shekel weakens as preliminary election results point to a political deadlock. The benchmark TA-35 index drops around 3%, while the broader TA-125 loses more than 3% in intraday trading. The shekel falls 2.3% against the dollar to 3.1230, with…