Israel's Tel Aviv 125 Index fell as much as 3.5% in early Wednesday trading, after exit polls showed no clear winner in the country's parliamentary election, leaving investors uncertain about the leadership of the next government. As of 9:30 AM GMT, with over 76% of votes counted, Netanyahu's alliance is projected to win 54 seats, while the opposition bloc is projected to win 47 seats, with neither reaching the 61-seat majority required to form a government.