Israel Latest: Gaza Hospital Explosion Ahead Of Biden's Visit, Terrorists Discuss Possible Hostage Release
Portfolio Pulse from Piero Cingari
The ongoing Israel-Hamas conflict has resulted in a significant loss of life, with a recent Israeli strike on a Gaza hospital causing approximately 200 to 300 deaths. The situation has led to international condemnation and a three-day mourning period declared by the Palestinian Authority. The conflict has also impacted Israeli-related stocks, with the iShares MSCI Israel ETF (NYSE:EIS) falling for the fifth consecutive day. The Israeli shekel has halted a six-day losing streak against the dollar.
October 17, 2023 | 8:32 pm
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The iShares MSCI Israel ETF (NYSE:EIS) has fallen for the fifth consecutive day due to the ongoing Israel-Hamas conflict.
The ongoing conflict between Israel and Hamas has led to a negative impact on Israeli-related stocks, including the iShares MSCI Israel ETF. As the conflict continues, investor confidence in these stocks is likely to be affected, leading to a decrease in their value.
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IMPORTANCE 80
RELEVANCE 100