Futu News reported on October 9 that Israeli stocks fell collectively before the market. As of press release,$Global-E Online (GLBE.US)$A drop of more than 7%;$InMode (INMD.US)$Decreased by more than 6%;$Sapiens International (SPNS.US)$Decreased by more than 6%;$Mobileye Global (MBLY.US)$Decreased by more than 6%;$Camtek (CAMT.US)$A drop of more than 5%;$Tower Semiconductor (TSEM.US)$It fell more than 5%.

According to the news, a new round of military clashes broke out between Israel and Palestine on the 7th. Hamas launched military operations against Israel on the same day, while the Israeli army launched multiple rounds of air raids on the Gaza Strip. The conflict is still ongoing. The impact of this conflict on markets will depend on its duration, intensity, and whether it will spread to the rest of the Middle East. Bank for International Settlements (BIS) general manager Agustin Carstens said in a speech to the National Association of Business Economics (NABE) that it is “too early” to say what impact the Middle East conflict might have on the economy, although the oil and stock markets could be affected immediately.

Affected by this conflict, safe-haven assets such as crude oil and gold have returned to view. WTI crude oil futures rose as high as 5% during the day, and Brent crude oil also rose more than 5% during the day. Spot gold rose sharply. At one point, the price of gold rose by more than 20 US dollars, reaching a one-week high of 1855.25 US dollars/ounce. Analysts at Everbright Futures said that in the short term, the geopolitical conflict in the fourth quarter will bring back supply fragility, but the current specific situation cannot be effectively assessed.

Since the outbreak of armed conflict, the Israeli shekel fell today, and the exchange rate of the US dollar against the Israeli shekel rose more than 2% to 3.9220, the highest level since 2016. The exchange rate hovered around 3.92. To support the market, Israel's central bank plans to sell foreign exchange and provide dollar liquidity to local banks. The Bank of Israel said on October 9, local time, that it will sell up to 30 billion US dollars of foreign exchange reserves and at the same time provide up to 15 billion US dollars of liquidity in the market through a swap mechanism. The central bank said it will carry out market operations for some time to come, with the aim of easing fluctuations in the exchange rate of the Israeli currency, the shekel, and providing necessary liquidity.

Also, it's worth noting$ParaZero Technologies (PRZO.US)$It stood out. It did not fall but rose. It rose more than 54% before the market, to 1.79 US dollars, with a turnover of 1,929 million. PParazero Technologies Ltd is an aerospace company focusing on drone safety systems that designs, develops and provides autonomous parachute safety systems for commercial drones (also known as drone systems). Drones play a decisive role in modern warfare and conflict, and have many advantages: low price, strong survivability, good mobility, ease of use, and high efficiency.