Adani Ports stock drops on Haifa port worries over Israel conflict
Shares of Adani Ports And Economic Zone, owned by billionaire Gautam Adani, fell by 4.5% due to investor concerns over the conflict in Israel, where the company owns a major port. The Haifa port, which is owned by Adani Ports, contributes only 3% to the company's total cargo volume. Adani Ports also operates the Haifa Port in northern Israel, which is a significant trading hub in the Mediterranean.
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