Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Wednesday, ‎dropping 179 points (-1.74%) to close at 10,138.83. The ‎index opened 16 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 21 out of 21 sectors ‎closed in the red zone, and 14 shares rose while 250 ‎fell. Banks (-1.8%), Energy (-1.5%), and Materials (-1.5%) ‎sectors contributed the most to the index decline. ‎Stockwise, Alrajhi (-2.0%), Saudi Aramco (-1.6%), and ‎SNB (-2.0%) were the major contributors to the index ‎decline. The trading activity witnessed an increase in ‎volume and value of +29% and +19%, respectively, to ‎reach 209mn shares and SAR 3.9bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended lower as hotter-than-expected inflation data revived concerns about further Federal Reserve tightening, pushing Treasury yields higher and weighing on technology and AI-related stocks. Concerns over financing costs for AI infrastructure and mixed bank earnings added to the cautious tone, while healthcare and consumer staples provided some support. The S&P 500 fell 1.1%, the Dow Jones Industrial Average declined 0.1%, and the NASDAQ lost 1.9%.

European equities ended higher as strong results and an upbeat demand outlook from ASML supported technology sentiment, while healthcare stocks led sector gains. However, elevated oil prices, rising bond yields and uncertainty over the inflation outlook continued to weigh on risk appetite, with weakness in mining and selected corporate shares limiting broader gains. The FTSE 100 rose 0.7%, the DAX gained 0.2%, the CAC 40 advanced 0.6%, and the EURO STOXX 600 added 0.4%.

Asian markets are trading lower as persistent U.S. inflation concerns and expectations of tighter monetary policy weigh on risk appetite, with technology and semiconductor shares under pressure following Wall Street's losses. The regional downturn is particularly pronounced in South Korea and Japan, where chipmakers are leading declines, while Chinese and Hong Kong equities are also under pressure. Based on the figures provided, the Shanghai Composite is down 0.9%, the KOSPI has fallen 0.4%, the Nikkei 225 is lower by 0.05%, and the Hang Seng has declined 0.1%.