Israeli stock and bond prices slid and many businesses were closed on Sunday
, a day after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of others.While the foreign exchange market is closed on Sundays, the shekel is already at its weakest level of the year due to a highly contested government plan to overhaul the judiciary.
Gunmen from the Palestinian group Hamas rampaged through Israeli towns on Saturday, killing at least 400 Israelis, before abducting dozens of hostages and returning to Gaza.Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel.
Another rival Israir said it was operating rescue flights from Larnaca in Cyprus but warned it may operate a reduced schedule in the coming days as foreign crew on some of its leased aircraft had asked to leave Israel. Israel’s Manufacturers’ Association said factories were still operating to limit concerns over any scarcity of food and other essential products.
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