Tadawul Review:

Tadawul All Share Index (TASI) rose on Tuesday, ‎gaining 39 points (+0.36%) to close at 10,852.41. The ‎index opened 4 points above its previous close, but ‎before closing it faced selling pressure, yet remained in ‎the green zone. Overall, 12 out of 21 sectors closed in ‎the green zone, and 118 shares rose while 136 fell. ‎Utilities (+2.3%), Banks (+0.2%), and Materials (+0.4%) ‎sectors contributed the most to the index rise. ‎Stockwise, ACWA Power (+3.1%), Almarai (+1.9%), and ‎Alrajhi (+0.2%) were the major contributors to the ‎index rise. The trading activity witnessed a decrease in ‎volume of -10% to reach 220mn shares, while value ‎witnessed an increase of +13% to reach SAR 4.3bn in ‎value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as renewed concerns about the ‎sustainability of the artificial intelligence rally triggered a broad ‎selloff in semiconductor and technology shares, while higher oil ‎prices linked to Middle East tensions also weighed on sentiment. ‎Chipmakers led the declines after a sharp drop in South Korean ‎technology stocks raised questions over AI-related valuations ‎ahead of the upcoming earnings season. The S&P500 fell -0.4%, ‎the NASDAQ dropped -1.2%, and the Dow Jones Industrial ‎Average declined -0.2%.‎

European equities ended lower as a global retreat in technology ‎stocks overshadowed optimism surrounding increased defense ‎spending and resilient economic conditions in the euro area. ‎Semiconductor-related companies and industrial names ‎underperformed, while energy shares provided some support ‎following higher oil prices. The FTSE 100 gained 0.1%, while the ‎DAX fell -1.4%, the CAC 40 declined -0.5%, and the EURO ‎STOXX 600 lost -0.6%.‎

Asian markets are trading sharply lower as concerns over ‎stretched AI valuations and heavy selling in semiconductor ‎shares triggered a broad regional risk-off move. South Korea led ‎the declines after a steep selloff in major chipmakers, while ‎weakness spread to Japan, Hong Kong, and mainland China amid ‎persistent concerns over global technology demand and ‎continued foreign outflows from regional equities. The KOSPI ‎dropped -4.9%, the Nikkei 225 fell -2.1%, the SHCOMP declined ‎‎-1.3%, and the Hang Seng slipped -0.5%.‎