How has the Israel Hamas war impacted the stock market?
3/12/2024 09:11am
The Israel-Hamas war has had a significant impact on the stock markets. Here are some key points to consider:1. Stock Market Decline: Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here.2. Impact on US Markets: More than 100 Israeli companies are listed on US exchanges, with a combined market cap of more than $150 billion. Funds in the US hold more than $43 billion in Israeli stocks and bonds. 3. Influence of the War: The war has contributed to the decline in Israeli stocks, and this has had a ripple effect on the US stock market. 4. Market Volatility: The ongoing conflict has resulted in continued volatility in Israeli equities, and this has led to a decrease in investor confidence.It's important to note that the impact of the war on the global financial markets and oil prices has been moderate so far. However, the war could cause some more weakness for a while, and the lack of volatile changes in the stock markets could be concerning for investors.