Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 11 points (-0.10%) to close at 10,704.51. The ‎index opened 10 points above its previous close, but it ‎recovered some losses before the close; however, it ‎still ended in the red zone. Overall, 15 out of 21 ‎sectors closed in the red zone, and 80 shares rose ‎while 176 fell. Energy (-0.8%), Materials (-0.7%), and ‎Utilities (-0.8%) sectors contributed the most to the ‎index decline. Stockwise, Saudi Aramco (-1.0%), ‎Maaden (-1.0%), and ACWA Power (-1.1%) were the ‎major contributors to the index decline. The trading ‎activity witnessed a decrease in volume and value of -‎‎21% and -12%, respectively, to reach 206mn shares and ‎SAR 3.9bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended higher as softer wholesale inflation data and stronger-than-expected corporate earnings ‎improved investor sentiment and reinforced expectations that the Federal Reserve may have room to ease policy ‎later this year. Financial shares outperformed after upbeat results from BlackRock, while gains in large-cap ‎technology stocks helped offset weakness in parts of the semiconductor sector and supported broader market ‎momentum. The S&P 500 advanced 0.4%, the Dow Jones Industrial Average gained 0.3%, and the NASDAQ rose ‎‎0.6%.‎

European equities ended mixed as investors balanced improving corporate earnings prospects against persistent ‎concerns over Middle East tensions and their potential impact on energy markets and inflation. Luxury stocks ‎provided support following strong earnings updates, while technology and telecom shares lagged, weighing on ‎Germany's market. The FTSE 100 declined -0.1%, the DAX fell -0.6%, the CAC 40 gained 0.2%, and the EURO ‎STOXX 600 edged up 0.1%.‎

Asian markets are trading mixed as investors assess the outlook for global technology demand, regional monetary ‎policy developments, and the implications of elevated geopolitical risks on energy prices and economic growth. ‎Japanese and Hong Kong equities advanced on improved sentiment toward technology and Chinese-related shares, ‎while mainland Chinese stocks eased. South Korea's KOSPI surged 6.2%, driven by renewed buying in ‎semiconductor shares after recent volatility. The Nikkei 225 gained 1.5%, the Hang Seng rose 1.4%, and the ‎SHCOMP declined -0.3%.‎