The Bank of Israel earlier said it would sell up to $30 billion of foreign currency to maintain stability.
Israeli government bonds also fell, with the 2120 Hundred Year bond down 5.3 cents on the dollar at a record low.
Hamas fighters killed over 900 Israelis and abducted dozens more as they attacked Israeli towns on Saturday. It was the deadliest incursion into Israeli territory since Egypt and Syria's attacks in the Yom Kippur War 50 years ago.US crude rose 4.46 percent to $86.48 per barrel and Brent was at $88.04, up 4.09 percent on the day.
Emerging market stocks lost 0.21 percent, while safe-haven gold was in demand, rising around 1.2 percent to $1,852 an ounce. The pan-European STOXX 600 index lost 0.26 percent and MSCI's gauge of stocks across the globe gained 0.11 percent.
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Israeli stocks slump in first day of trade since Gaza attackSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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