Troop Call-Up Sends Blue Square Lower: Israel Overnight
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Israeli stocks traded in New York sank to a four-month low, led by Alon Holdings Blue Square-Israel Ltd., as the government said it’s ready to boost military operations after Tel Aviv was targeted by Gaza militants.
The Bloomberg Israel-US Equity Index of the most traded Israeli companies in New York retreated 0.3 percent to 81.96, the lowest since July 25. Blue Square, the nation’s second-largest supermarket chain, fell the most in 14 months, while SodaStream International Ltd. declined to the lowest since June. The cost of protecting Israeli bonds against default surged to the highest level in two months and the shekel weakened for a second day.