Sweeping Judicial Reform In Israel Ignites Protests And Economic Concerns
Portfolio Pulse from Piero Cingari
Israel's government has passed a controversial law that curtails the power of the judiciary, sparking the largest protests in the nation's history. The law's passage has led to economic fallout, with Tel Aviv's primary stock indices plunging up to 2.5% and the shekel's losses against the dollar widening to approximately 1%. The VanEck Israel ETF (NYSE:ISRA), a U.S.-listed exchange-traded fund focused on Israeli shares, has experienced a decline of nearly 5% over the last three trading sessions.
July 24, 2023 | 8:26 pm
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The VanEck Israel ETF (NYSE:ISRA) has experienced a decline of nearly 5% over the last three trading sessions following the passage of a controversial judicial reform law in Israel.
The controversial judicial reform law in Israel has sparked protests and economic concerns. This has led to a decline in the stock market, directly impacting the VanEck Israel ETF (NYSE:ISRA), which focuses on Israeli shares. The ETF has seen a decline of nearly 5% over the last three trading sessions, indicating a negative short-term impact.
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IMPORTANCE 80
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