Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 124 points (-1.17%) to close at 10,455.64. The ‎index opened 6 points above 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 26 shares rose while 234 ‎fell. Banks (-0.8%), Materials (-2.1%), and Energy (-1.4%) ‎sectors contributed the most to the index decline. ‎Stockwise, Saudi Aramco (-1.4%), Alrajhi (-0.8%), and ‎SNB (-1.1%) were the major contributors to the index ‎decline. The trading activity witnessed an increase in ‎volume and value of +6% and +4%, respectively, to ‎reach 202mn shares and SAR 3.6bn in value traded.‎

 

 

 

Market Wrap International:  

U.S. equities ended lower as elevated Treasury yields continued ‎to weigh on risk appetite, with the 30-year yield reaching its ‎highest level since 2002 and the 10-year yield remaining near ‎multi-decade highs. Investor caution also persisted ahead of key ‎inflation and labor-market data, while easing oil prices and ‎comments from New York Fed President John Williams helped ‎limit the decline. Technology shares remained sensitive to higher ‎borrowing costs and renewed scrutiny of AI-related investment, ‎leaving the S&P 500 down -0.2%, the Dow Jones Industrial ‎Average lower by -0.3%, and the NASDAQ down -0.1%.‎

European equities ended lower as elevated bond yields and ‎continued energy-cost concerns outweighed gains in technology ‎stocks linked to renewed AI optimism. Technology was the ‎strongest-performing sector, while banks, energy, and food and ‎beverage shares declined as investors remained cautious about ‎the inflationary impact of higher energy prices and tighter ‎financial conditions. The FTSE 100 fell -0.5%, the DAX gained ‎‎0.1%, the CAC 40 declined -0.5%, and the EURO STOXX 600 ‎eased -0.1%.‎

 

Asian markets are trading lower overall as higher global bond ‎yields and lingering concerns over oil prices continued to weigh ‎on risk appetite, although mainland Chinese equities found ‎support from expectations for additional economic and property-‎market measures. Japan, South Korea, and Hong Kong remained ‎under pressure, while Chinese shares were more resilient as ‎policymakers signaled further counter-cyclical support. The ‎Nikkei 225 declined -0.6%, the KOSPI fell -0.3%, the Hang Seng ‎dropped -0.5%, while the SHCOMP gained 0.2%.‎