The airports may be closed, but that isn\u2019t stopping the Tel Aviv Stock Exchange (TASE) from soaring.<\/p>\n\n\n\n
As Israel navigates renewed conflict with Iran, the country\u2019s stock exchange did something surprising. Instead of tanking, it did the opposite. The TA-125 Index climbed to record highs of around 4,200 points, which represents a 66% increase compared to this time last year. At the same time, the Israeli shekel strengthened against the U.S. dollar.<\/p>\n\n\n\n
That isn\u2019t to say the conflict hasn\u2019t caused disruption and anxiety across the country, but it does demonstrate that there is confidence in Israel\u2019s ability to bounce back from adversity.<\/p>\n\n\n\n
“The stock market is a predictor of what the belief or expectation is about what’s going to happen in the future, not what’s happened in the past,” said Ezra Gardner, Partner at Varana Capital. \u201cThe stock market in Israel is actually doing the right thing, because the signaling is that Israel is going to boom when this is over. Israel is going to be the winner, and Israel is going to deliver even more on the things that they\u2019ve delivered on in the past, in innovation and helping the world.\u201d<\/p>\n\n\n\n