Israeli ADRs up on hopes of de-escalation in Israel-Iran tensions

Tower Semiconductor

15/04/2024 11:52

** U.S.-listed shares of Israeli firms rise in premarket,
tracking gains in domestic peers, following a shock attack on
Israel by Iran over the weekend 
    ** Tehran's attacks, launched after a suspected Israeli air
strike on its embassy compound in Damascus on April 1 that
killed officers of the elite Islamic Revolutionary Guard Corps,
had raised the threat of a wider regional conflict
    ** Israel's shekel  ILS=  jumped 1.6% against the dollar,
while Tel Aviv shares  .TA125  added 0.5% as it became clear
that Israel has so far complied with requests by allies not to
hit back at Iran after Saturday's attack
    ** US shares of Teva Pharmaceutical, the world's largest
maker of generic drugs,  TEVA.N , gained 2.5% 
    ** Solar inverter maker SolarEdge Technologies  SEDG.O  up
0.7% 
    ** Tower Semiconductor  TSEM.O , which provides customers
with analog and mixed-signal semiconductors, climbs 2.6%;
ad-tech firm Perion Network  PERI.O  gains 0.8%
    ** ADRs of software provider Nice  NICE.O  add 2.8%, while
self-driving technology maker Mobileye Global  MBLY.O  rises
0.6%
   


 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;  Follow on X:
@BansariKamdar;))