The shares on the Tel Aviv Stock Exchange nosedived on Sunday following a major Wall Street selloff as investors remained concerned about the effects of United States President Donald Trump's tariffs.

The Israeli stock exchange also continued to be affected by the unrest in the Gaza Strip, as the end of the war between Israel and Hamas is nowhere in sight.

The TA-125 plunged 3.5% at 10:46 am CET. Meanwhile, the TA-35 index dropped 3.15% at 10:53 am CET. A minute later, the TA-90 index plummeted 3.35%.