"Anyone wondering what Israel gained from its 12-day war with Iran can find the answer in the financial markets," writes Bloomberg.
According to their data, since the conflict began on June 13, Israel’s currency, debt, and stocks have outperformed the world in terms of value gains.
The shekel recorded its strongest two-week performance since 2003 — the year the Bank of Israel let the currency float freely. During this period, the shekel surged 6.6% against the dollar and rose against over 100 global currencies.
The TA-35 index jumped 14% in dollar terms — the highest gain among 92 global stock indices tracked by Bloomberg. In shekel terms, the index rose 8%, making the Tel Aviv Stock Exchange the world’s second-best performer over the two-week period — its best showing since 2009. Israel’s bond market also reflected strong investor confidence.