Tadawul Review:

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 25 points (-0.22%) to close at 10,995.44. The ‎index opened 18 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 9 out of 21 sectors ‎closed in the red zone, and 95 shares rose while 157 ‎fell. Energy (-0.8%), Materials (-0.8%), and Utilities (-‎‎1.9%) sectors contributed the most to the index decline. ‎Stockwise, Saudi Aramco (-0.8%), ACWA Power (-2.1%), ‎and SNB (-0.4%) were the major contributors to the ‎index decline. The trading activity ‎witnessed an increase in volume of 1% to reach 276mn ‎shares, while the value ‎fell by -3% to reach SAR5.4bn in ‎value traded.‎

 

 

Market Wrap International:

U.S. equities ended lower as rising Treasury yields and hotter-than-expected inflation data dampened risk appetite, driving investors to reassess rate expectations and reduce exposure to growth and rate-sensitive sectors. Technology shares led the broad retreat, with semiconductor and large-cap names under sustained pressure, while retailers also faced selling as consumer confidence remained subdued. Diplomatic uncertainty following high-level bilateral trade discussions added to the cautious tone across risk assets. The S&P 500 fell -1.2%, the NASDAQ declined -1.5%, and the Dow Jones Industrial Average dropped -1.1%.

European equities ended lower as hotter-than-expected U.S. inflation data reignited concerns over the global rate outlook, with European markets tracking the negative lead from Wall Street amid renewed sensitivity to monetary policy signals. Cyclical sectors including industrials and financials underperformed as investors trimmed risk exposure, while defensives offered only limited support against the broader pressure. Cautious positioning ahead of key policy signals kept market breadth weak across the region. The FTSE 100 fell -1.7%, the DAX declined -2.1%, the CAC 40 dropped -1.6%, and the EURO STOXX 600 eased -1.5%.

Asian markets ended lower as investor attention remained centred on high-level diplomatic discussions between major trading partners, while broader risk sentiment weakened across the region amid concerns over global growth and technology-sector pressure. South Korean equities led regional declines following heavy selling in semiconductor and large-cap technology names, while Hong Kong and mainland Chinese shares also retreated as investors remained cautious toward external demand and policy visibility. Japanese equities fell sharply amid a stronger yen environment and reduced appetite for cyclical sectors, reinforcing the weaker regional tone. The Nikkei 225 fell -2.0%, the Hang Seng dropped -1.6%, the SHCOMP declined -1.0%, and the KOSPI fell -6.1%.