Israel-Hamas War : Dozens Of Foreigners Killed And Abducted, Over 30 Still Missing In Hamas Attack
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Israel-Hamas War : Hamas fighters on Saturday fired more than 5,000 rockets from the Gaza Strip toward Israel, killing at least 1,100 people and wounding several others, setting off air raid sirens across the country and raising the likelihood of a new round of heavy fighting.
Israel has declared a complete seizure of Gaza imposing a complete blockade on the strip, as Palestinians brace for ‘living another Nakba’. Now, a senior official informed that the Hamas group is ready for discussions over truce talks with Israel.
Stock traders sent defense companies surging in US markets as an attack on Israel from the Gaza-based militant group Hamas renewed Wall Street’s focus on the security industry.
The assault on Israel is sparking fresh concern about geopolitical risk among investors who’ve already been grappling with the impact of elevated interest rates and signs of trouble in China’s economy.
“Hamas’ attack on Israel over the weekend will likely bring investor attention back to defense stocks,” Truist Securities analyst Michael Ciarmoli wrote in a note to clients. The shares have been underperforming this year due to uncertainty about the US’s military budget, he said.
Elsewhere in markets, oil prices surged, boosting energy companies and weighing on travel stocks from around the globe. Outside the US, the conflict weighed on shares of businesses with connections to Israel, including chipmakers and software providers.
Broad, regional stock indexes in Asia were little changed Monday, while European markets edged lower. Markets in Japan, South Korea and Taiwan were closed for a holiday, while a typhoon interrupted trading in Hong Kong.
The Hamas fighters from Gaza launched all-out strike on Israel, which in turn hit back in retaliation killings thousands on both sides of the fence.
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