Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 134 points (-1.25%) to close at 10,544.10. The ‎index opened 39 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 16 out of 21 sectors ‎closed in the red zone, and 55 shares rose while 199 ‎fell. Banks (2.4%), Materials (-0.7%), and Utilities (-1.5%) ‎sectors contributed the most to the index decline. ‎Stockwise, Alrajhi (-2.6%), SNB (-3.8%), and RIBL (-5.4%) ‎were the major contributors to the index decline. The ‎trading activity witnessed an increase in volume and ‎value of +56% and +38%, respectively, to reach 305mn ‎shares and SAR 5.3bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as investors reacted to the Federal Reserve's decision to leave interest rates unchanged, ‎while a more hawkish policy tone, rising Treasury yields, and renewed concerns over AI-related valuations ‎triggered broad selling in technology and semiconductor stocks. Higher oil prices linked to renewed Middle East ‎tensions also reinforced inflation concerns, prompting a rotation away from growth shares despite relative ‎resilience in some defensive sectors. The S&P 500 declined -1.5%, the Dow Jones Industrial Average fell -2.2%, and ‎the NASDAQ dropped -1.7%.‎

European equities ended mixed as investors balanced caution ahead of central bank developments with a mixed ‎corporate earnings season. Luxury goods and technology shares weighed on regional sentiment following ‎disappointing earnings from several major companies, while gains in energy stocks, supported by stronger oil ‎prices, helped limit broader losses. The FTSE 100 gained 0.3%, the DAX eased -0.01%, the CAC 40 declined -‎‎0.6%, and the EURO STOXX 600 fell -0.3%.‎

Asian markets are trading mixed as investors continue to assess the global technology selloff, monetary policy ‎signals from the Federal Reserve, and regional corporate earnings. Chinese and Hong Kong equities were ‎supported by selective buying and improving sentiment toward mainland technology shares, while Japanese ‎equities remained under pressure from export-related weakness and South Korea's market fell sharply as ‎semiconductor stocks extended losses following disappointing earnings. The SHCOMP gained 0.4%, the Hang Seng ‎advanced 2.0%, the Nikkei 225 declined -1.5%, and the KOSPI dropped -6.0%.‎