Israeli shares opened higher on Sunday morning, shrugging off news that the country’s attorney general intends to indict Prime Minister Benjamin Netanyahu on corruption charges.
The blue chip Tel Aviv 35 and the broader TA-125 indices were both up 0.5 percent at 8 A.M. The stock market had been closed since the announcement was made late on Thursday.
>> Read more: Seven myths Netanyahu is peddling to the public in the Bezeq corruption case ■ Charges against Netanyahu are solid, embarrassing – and lethal ■ Netanyahu indictment explained: What are the charges and what happens next
U.S. markets closed higher on Friday.
Israeli government bond prices were down as much as 0.4 percent.
- Facing Charges, Netanyahu Looks to World Stage for Help
- Hundreds Call for Netanyahu's Resignation in Tel Aviv Protest
- Charges Against Netanyahu Reveal: Tycoon Ended a Cabinet Minister's Term
The shekel weakened 0.2 percent to 3.6297 per dollar on Friday. The currency market is closed on Sunday.
An actual filing of the charges of bribery, fraud and breach of trust would depend on the outcome of a required hearing. At that hearing – likely after an April 9 election – Netanyahu can try to persuade the attorney-general not to indict him.