Shekel Slides 1.6%, Tel Aviv Stocks Drop 3% on Coalition Uncertainty

Israeli markets sold off sharply as post-election coalition talks stalled, with the shekel depreciating over 1.6% against the dollar and the Tel Aviv Stock Exchange falling more than 3%. The move reflects investor concern over prolonged political uncertainty and potential fiscal implications. The selloff is a market reaction to domestic political risk, with the magnitude of further losses contingent on coalition formation progress.

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