Middle East Markets Plunge as Israel-Hamas Conflict Escalates

Stock markets in Israel and Middle East decline sharply due to conflict between Israel and Palestinian group Hamas.

Israel's main stock index falls over 5%, marking biggest drop in 3 years. Stocks also down in Saudi Arabia, Kuwait, Qatar, Oman, Bahrain and Egypt.

Attacks by Hamas represent lethal assault on Israel in years and risk escalating. Israel vows extended military action.

Conflict arises amid diplomatic sensitivity in Israel over Netanyahu's coalition with far-right.

Israeli currency shekel near 7-year low ahead of parliament reopening, reflecting vulnerabilities.