Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 38 points (-0.35%) to close at 11,033.99. The ‎index opened 5 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 20 out of 21 sectors ‎closed in the red zone, and 42 shares rose while 214 ‎fell. Materials (-0.7%), Telecommunication Services (-‎‎0.9%), and Capital Goods (-2.0%) sectors contributed ‎the most to the index decline. Stockwise, Saudi Aramco ‎‎(-0.2%), Sabic (-1.3%), and EIC (-3.5%) were the major ‎contributors to the index decline. The trading activity ‎witnessed an increase in volume and value of +12% and ‎‎+16%, respectively, to reach 202mn shares and SAR 4bn ‎in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as a broad selloff in technology and ‎semiconductor shares weighed heavily on risk sentiment, with ‎investors taking profits after a prolonged artificial-intelligence-‎driven rally while also reassessing the sustainability of rising AI-‎related capital spending. Expectations for a more hawkish ‎Federal Reserve and higher Treasury yields added pressure on ‎growth stocks, with chipmakers and megacap technology names ‎leading declines across the market. The S&P 500 declined -1.4%, ‎the NASDAQ dropped -2.2%, and the Dow Jones Industrial ‎Average slipped -0.1%. ‎

European equities ended lower as the global technology selloff ‎extended into the region, with semiconductor manufacturers and ‎chip-equipment companies leading losses amid concerns over AI-‎related spending and rising expectations for additional policy ‎tightening. Defensive sectors such as healthcare and food & ‎beverage outperformed but were insufficient to offset weakness ‎across technology and cyclical shares. The FTSE 100 declined -‎‎0.1%, the DAX fell -1.0%, the CAC 40 dropped -0.7%, and the ‎EURO STOXX 600 declined -0.7%. ‎

Asian markets ended lower as the global retreat from technology ‎and semiconductor stocks triggered broad-based selling across ‎the region, while concerns over AI-related valuations and tighter ‎financial conditions reduced investor appetite for risk assets. ‎South Korea's market experienced the sharpest decline after ‎regulators cautioned about leveraged products tied to chip ‎stocks, accelerating foreign selling in major semiconductor ‎names, while weakness also spread across Japan, Hong Kong and ‎mainland China. The KOSPI plunged -10.0%, the Nikkei 225 ‎dropped -3.5%, the Hang Seng Index declined -1.8%, and the ‎Shanghai Composite fell -1.4%.‎