Israeli Markets Plummet as Violence Escalates Between Israel and Hamas
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Israeli stocks and bonds fell sharply on Sunday after Hamas attack killed hundreds. Tel Aviv indices dropped nearly 7%.
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Many Israeli businesses were closed on Sunday due to the violence. Schools shut down and companies gave workers day off.
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Hamas militants rampaged through towns, killing over 400 Israelis before taking hostages back to Gaza. Israel retaliated with airstrikes.
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Gaza militants fired thousands of rockets into Israel, reaching as far as Tel Aviv. Airlines suspended flights to Israel.
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Finance Minister said ministry departments will provide budgets to help manage the conflict. Bank of Israel assessing economic damage.