Tadawul Review:

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 119 points (-1.07%) to close at 11,039.23. The ‎index opened 8 points above its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 19 out of 21 sectors ‎closed in the red zone, and 57 shares rose while 203 ‎fell. Banks (-1.5%), Utilities (-6.7%), and Health Care ‎Equipment & Services (-1.4%) sectors contributed the ‎most to the index decline. Stockwise, ACWA Power (-‎‎8.9%), Alrajhi (-1.6%), and SNB (-2.2%) were the major ‎contributors to the index decline. The trading activity ‎witnessed a decrease in volume and value of -9% and -14%, respectively, to reach 289mn shares and SAR ‎‎6.6bn in value traded.‎

 

 

Market Wrap International:

U.S. equities ended mixed as technology shares faced selling pressure following hotter-than-expected inflation data for April, which drove energy costs higher and dampened risk appetite across growth-oriented sectors. Chip-related names weighed on the broader market while selective support from consumer staples and industrial names helped cushion the decline, leaving performance bifurcated across major benchmarks. Rising energy prices added to investor caution around the pace of monetary policy easing. The S&P 500 fell -0.2%, while the NASDAQ declined     -0.7%, and the Dow Jones Industrial Average rose 0.1%.

European equities ended mixed as rising energy prices and renewed diplomatic uncertainty in the Middle East weighed on continental markets, with cyclical and financial sectors leading the declines. London-listed shares held relatively steady by comparison, as gains in energy-related names tied to higher oil prices partially offset pressure on financial stocks. Investor caution prevailed across the region, leaving overall sentiment broadly defensive. The FTSE 100 was little changed, while the DAX declined -1.6%, the CAC 40 dropped -0.9%, and the EURO STOXX 600 eased -1.0%.

Asian markets ended mixed as South Korean equities rose to a fresh record, led by strength in memory chipmakers tracking global demand for AI-related hardware, and supported by robust foreign inflows. Technology-linked shares provided a degree of support across the broader region, though markets remained divergent, with Japanese equities declining amid currency moves and position-squaring. Mainland Chinese shares found modest support, while Hong Kong traded within a narrow range. The Nikkei 225 rose 0.5%, while the Hang Seng slipped -0.2%, the SHCOMP fell -0.2%, and the KOSPI declined -2.3%.