[Europe Open] Despite Israel's Ground Operation Intensifying, Early Market Shows Upward Trend
Major European stock markets showed early gains on the 30th (local time) despite Israel's full-scale ground operation in the Gaza Strip.
As of 5:02 PM Korean time, the UK's FTSE index was trading at 7,326.93, up 0.49% from the previous trading day. The French CAC index rose 0.46% to 6,826.62, and the German DAX index increased 0.57% to 14,770.95.
The Euro Stoxx 600 index was trading at 431.93, up 0.55%.
Although news of Israel launching a ground operation in the Gaza Strip has escalated tensions in the Middle East, European stock markets are showing gains despite the geopolitical crisis.
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The Israeli military began a full-scale ground operation targeting the Gaza Strip on the 27th local time. Israeli Prime Minister Benjamin Netanyahu stated at a press conference on the 28th that the war has entered its "second phase" and described it as "a long and difficult war."
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