Israel begins ground offensive in Gaza

|By:, SA News Editor

Israeli soldiers and tanks have entered Gaza after 10 days of bombardments from the air failed to stop the rocket attacks from the Strip and cease-fire efforts collapsed.

The campaign is aimed at "destroying the terror tunnels dug from the Gaza Strip into Israeli territory," says PM Benjamin Netanyahu. "The goal is restoring quiet to the citizens of Israel for an extended period, with significant damage to the infrastructure of Hamas and other terrorist organizations."

Shares of Israeli companies listed in the U.S. tumbled to their lowest level in a week, led by Mellanox Technologies (NASDAQ:MLNX) which closed down 3.5%.