All articles tagged with #israeli stocks
Norway’s $2 trillion sovereign wealth fund is planning to sell more Israeli stocks due to concerns over the Gaza and West Bank situation, having already divested from some companies including Bet Shemesh Engines, and plans to review and potentially exit more investments in Israel.
Israeli regulators are investigating a report that suggests investors made millions of dollars by short-selling Israeli stocks just days before the Oct. 7 Hamas attack. Traders placed bets against the value of Israeli stocks, leading to a significant spike in short selling. Professors from NYU and Columbia Law School found that traders informed about the attack profited from the tragic events. Short selling far exceeded levels seen during previous crises, including the 2014 Israel-Gaza war and the COVID-19 pandemic. Israeli law enforcement officials have not yet commented on the matter.
Investors potentially linked to Hamas may have profited from bets against Israeli securities in the weeks leading up to the Oct. 7 attacks, according to a report by law professors. The report highlights suspicious trading activity, including risky short-selling of Israeli stocks and options. One trader reportedly made a nearly $900 million profit by shorting shares in Israel's largest bank. The researchers found a sharp increase in short-selling just before the attacks, suggesting it was unlikely to be random chance. It remains unclear if the profits were used to fund the terrorist group.
The ongoing conflict between Israel and Hamas is causing economic uncertainties in the war-torn region, impacting global financial markets. Israeli stocks listed in New York and Tel Aviv have reached recent lows, with over 100 Israeli companies listed on US exchanges. The conflict has led to stock market declines, a drop in the shekel, and outflows from Israeli-focused exchange-traded funds. Businesses with exposure to Israel, such as Mobileye Global and Tower Semiconductor, have seen their stock prices fall. The outcome of the war will determine the market's response, with historical data suggesting potential short-term declines followed by recovery. In addition to the Israel-Hamas war, concerns about inflation, upcoming corporate earnings, and the closure of thousands of drugstore chains are contributing to investor uncertainty.