Israeli Stocks Sink to 2-Month Low as Israel Strikes Gaza Strip

July 8, 2014 2:03 PM

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Israeli shares sank to the lowest level in almost two months as the country’s military struck 50 targets by air and sea in the Hamas-controlled Gaza Strip following overnight rocket attacks.

The benchmark TA-25 Index (TA-25) declined 0.6 percent to 1,371.61 as of 4:12 p.m. in Tel Aviv, the lowest level since May 11. Israeli troops have amassed along the Gaza border and the cabinet approved the call-up of 40,000 reservists for a possible ground operation following a barrage of Palestinia...

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