Suspected Jewish extremists slashed the tires of five Palestinian-owned cars in the Zionist-annexed east Jerusalem overnight.

Suspected Jewish extremists slashed the tires of five Palestinian-owned cars in the Zionist-annexed east Jerusalem overnight, a police spokeswoman said on Tuesday.

"Five vehicles were vandalized close to the Old City at the entrance to the Silwan neighborhood, and the slogan 'price tag' written on a wall nearby," spokeswoman Luba Samri stated.

"Price tag" is the expression used by Jewish extremists to refer to acts of  vandalism and more serious attacks they carry out in pursuit of their hard-line  agenda.

Initially carried out against Palestinians in retaliation for state moves to dismantle unauthorized settlement outposts in the occupied West Bank, price tag attacks have become a much broader phenomenon with racist overtones.

Christian holy sites and Zionist activists have also been targeted.

Police caught four young Zionists red-handed on Sunday as they vandalized Christian tombstones in a Jerusalem cemetery.