The latest events in the Middle East also caused severe shocks on the stock exchanges there on Sunday.
In Tel Aviv, the TA-35 fell by 6.47 percent to 1,712.16 digits at the close of trading. That was the biggest loss in more than three years. The EGX30 in Cairo ultimately fell 2.6 percent to 19,357.42 points. There were also major losses in Riyadh, Doha and Kuwait City, although on a much smaller scale.
On Saturday, the Islamist Hamas surprisingly launched major attacks against Israel from Gaza. According to the latest information, at least 500 people were killed there. At the same time, armed Palestinians advanced into Israel by land, sea and air on Saturday morning. The security cabinet in Tel Aviv declared a state of war.
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