Tadawul Review:

Tadawul All Share Index (TASI) fell on Wednesday, ‎‎slipping ‎‏39‏‎ points (-0.37%) to close at 10,414. The index ‎‎opened 21 points below its previous close. It started to ‎decline, and after about an hour rebounded above its ‎opening level but quickly fell again and stabilized in the ‎red zone by the end of the session. In general, 14 out of ‎‎21 sectors closed in the red ‎zone, while 134 shares fell ‎and 124 rose. Banks (-0.6%), Energy (-0.6%), and ‎Telecommunication (-0.6%) sectors ‎contributed the ‎most to the index fall. Stockwise, Saudi National Bank ‎‎(-1.6%), Aramco (-0.6%), and ACWA Power (-1.0%) ‎were ‎the major contributors. The trading activity ‎witnessed a ‎decreased in volume and value of -3.8% and ‎‎-4.3%, ‎respectively, to reach 149mn shares and SAR3.5bn ‎in ‎value traded.‎

 

 

 

Market Wrap International:

Market Wrap International: U.S. equities closed lower as ‎investors repriced the near-term Fed path and pushed yields ‎higher ahead of key inflation data, tightening financial conditions ‎for long-duration growth. Mega-cap tech and semiconductors led ‎the pullback, while energy and defensives proved more resilient ‎amid firmer crude and a steadier dollar. The S&P 500 –1.2%, ‎Dow Jones Industrial Average –0.5%, and NASDAQ Composite ‎‎–1.8%.‎

European equities finished mixed as a UK-led bid followed softer ‎domestic data and easing rate expectations, even as the ‎continent took a cautious cue from the U.S. tech-driven risk-off ‎tone. Miners and energy supported London, while eurozone ‎cyclicals and parts of tech lagged with investors still wary of ‎restrictive ECB policy and uneven growth momentum. The FTSE ‎‎100 +0.9%, DAX –0.5%, CAC 40 –0.2%, and no change in EURO STOXX 600.‎

 

Asian markets are trading higher as investors look through the ‎U.S. tech downdraft and refocus on local catalysts, including a ‎steadier China policy backdrop and selective strength in regional ‎exporters. South Korea is leading gains on chip and battery ‎names, while Hong Kong and mainland China are firmer and ‎Japan is edging up modestly amid FX cross-currents. The Nikkei ‎‎225 +0.3%, Hang Seng +0.9%, Shanghai Composite +1.2 %, ‎and KOSPI +1.4%.‎