Tadawul Review:

Tadawul All Share Index (TASI) fell for the Seventh consecutive day on Tuesday, declining slightly below its previous closing level, to end the session at 10,667. The index opened slightly below its previous closing then quickly dropped. Selling pressure on the index, after the mid-day it started to recover most of its loss to close nearly to its previous close. Overall, 14 out of 21 sectors closed in the red zone, while 186 shares fell and 66 rose. Materials (-0.3%), Telecommunication (-0.5%), and Insurance (-1%) sectors contributed the most to the index fall. Stockwise, Saudi National Bank (-0.7%), Etihad Etisalat (-2%), and Riyadh Cables Group (-2.8%) were the major contributors. The trading activity witnessed an increase in volume by 3.7%, and an increase in value by 11.8%, to reach 216mn shares and SAR4.3bn in value traded.

 

 

Market Wrap International:

U.S. stocks fell as a surge in Treasury yields weighed heavily on growth shares, while a court ruling challenging Trump-era tariffs added uncertainty. The S&P 500 (-0.7%), Dow Jones (-0.5%), and Nasdaq (-0.8%) all closed lower, with Nvidia, Amazon, and Apple leading the declines.

European markets dropped as long-term borrowing costs in the U.K., France, and Germany hit multi-decade highs, intensifying pressure on banks and exporters. The DAX              (-2.3%), FTSE 100 (-0.9%), CAC 40 (-0.7%), and Euro STOXX 600 (-1.5%) ended sharply lower.

Asian markets were mixed. The Shanghai Composite (-0.4%) and Hang Seng (-0.5%) weakened on persistent property-sector concerns, while South Korea’s Kospi (+0.9%) gained on semiconductor strength and Japan’s Nikkei 225 (+0.3%) edged higher despite domestic political uncertainty