Preliminary election results suggesting a likely political deadlock sent Israeli equities and the shekel lower on Wednesday. The benchmark TA-35 fell about 3% intraday; the broader TA-125 dropped more than 3%. The shekel eased 2.3% to 3.1230 per dollar. Financials and real estate shares led losses. Preliminary forecasts show no major bloc with a parliamentary majority. Saxo Bank said the election uncertainty, alongside renewed US–Iran tensions, raises geopolitical risk and could threaten diploma

Preliminary election results suggesting a likely political deadlock sent Israeli equities and the shekel lower on Wednesday. The benchmark TA-35 fell about 3% intraday; the broader TA-125 dropped more than 3%. The shekel eased 2.3% to 3.1230 per dollar. Financials and real estate shares led losses. Preliminary forecasts show no major bloc with a parliamentary majority. Saxo Bank said the election uncertainty, alongside renewed US–Iran tensions, raises geopolitical risk and could threaten diplomatic mediation; markets remain highly sensitive to further Middle East developments.