Israel-Hamas War: Day 25 – Israeli Troops Advance In Gaza; Chinese Tech Giants Remove Israel From Online Maps
Portfolio Pulse from Piero Cingari
The ongoing Israel-Hamas conflict has entered its 25th day, with Israeli troops advancing into the Gaza Strip. Chinese tech giants Baidu Inc. and Alibaba Group Holding Ltd. have removed references to Israel from their online maps. The iShares MSCI Israel ETF had its most successful session of 2023, surging by as much as 4.2% on Monday. Gold, as tracked by the SPDR Gold Trust, was little moved, up 0.1% to $2,000/oz.
October 31, 2023 | 1:29 pm
News sentiment analysis
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NEGATIVE IMPACT
Alibaba has removed references to Israel from its online maps amidst the ongoing conflict.
The removal of Israel from Alibaba's online maps could potentially lead to backlash and affect the company's reputation, which may negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Baidu has removed references to Israel from its online maps amidst the ongoing conflict.
The removal of Israel from Baidu's online maps could potentially lead to backlash and affect the company's reputation, which may negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Gold, as tracked by the SPDR Gold Trust, was little moved, up 0.1% to $2,000/oz.
The price of gold, as tracked by the SPDR Gold Trust, has seen little movement, indicating a neutral impact on the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The iShares MSCI Israel ETF had its most successful session of 2023, surging by as much as 4.2% on Monday.
The ongoing conflict in Israel has led to a surge in the iShares MSCI Israel ETF, indicating that investors are reassessing the effects of the conflict and potentially seeing opportunities in the Israeli market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100