The Economic Times

Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts

Israel's election results indicate Prime Minister Netanyahu's right-wing bloc is projected to win 54 seats. While the opposition bloc led by Gadi Eisenkot is expected to secure 47 seats, neither group achieved a parliamentary majority. The shekel weakened significantly, and the Tel Aviv stock index fell following the surprising election results. Analysts predict a challenging path ahead for forming a stable government in Israel.