Europe's Israel-exposed stocks hit as Middle East conflict flares up
09/10/2023 09:10
MILAN, Oct 9 (Reuters) - Shares in European-listed
companies with major business exposure to Israel fell on Monday
on concerns over the potential for their operations there to be
affected by a possible escalation of the conflict in the Middle
East.
Energean ENOG.L fell 13% in London, making the UK and
Israel-listed oil producer focussed on the Eastern Mediterranean
the top loser on the STOXX Europe 600 .STOXX index.
London-listed shares in BATM Advanced BVC.TA fell 7.3%
even as the Israel-based technology firm said it did not expect
the recent developments to have a material impact on trading.
Israel-based antennas maker MTI Wireless MWEE.L also fell
in London. They were last down 11%.
Israel pounded the Palestinian enclave of Gaza on Sunday,
killing hundreds of people in retaliation for one of the
bloodiest attacks in its history when Islamist group Hamas
killed 700 Israelis and abducted dozens more.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@TR.com))