Fears of Houthi Response to Attack on Hodeidah Port Result in Losses in Tel Aviv Stock Exchange

The Tel Aviv Stock Exchange suffered significant losses as trading began due to fears of a Houthi response to the attack on Hodeidah port. The "TA 90" index dropped by 1.5%, and the "TA 125" index fell by 1.3%, which are considered key indicators in the Tel Aviv Exchange. The market experienced sharp declines in several stocks, with "Shesk" down by about 5%, "Ferion" network shares down by 4.5%, and "Electra Consumer" shares down by 4%. The Hebrew channel "Kan" confirmed that Israel is preparing for a long-term conflict with the Houthis following the recent targeting of Hodeidah port in Yemen. Israeli Minister of Transportation Miri Regev held an emergency meeting last night to discuss the potential for the Houthis to strike strategic and vital facilities linked to the ministry in Israel in response to the Hodeidah airstrikes.