Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Tuesday, ‎dropping 91 points (-0.85%) to close at 10,678.11. The ‎index opened 14 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 16 out of 21 sectors ‎closed in the red zone, and 52 shares rose while 210 ‎fell. Banks (-0.7%), Energy (-1.0%), and Materials (-0.8%) ‎sectors contributed the most to the index decline. ‎Stockwise, Saudi Aramco (-1.0%), Alrajhi (-0.7%), and ‎STC (-1.9%) were the major contributors to the index ‎decline. The trading activity witnessed a decrease in ‎volume and value of -7% and -14%, respectively, to reach ‎‎196mn shares and SAR 3.8bn in value traded.‎

 

 

Market Wrap International:  

U.S. equities ended mixed as investors rotated out of large-cap ‎technology and semiconductor stocks ahead of the Federal ‎Reserve's policy decision and a heavy slate of major technology ‎earnings, while lower oil prices and gains in defensive sectors ‎supported the broader market. Concerns over elevated AI-‎related valuations continued to weigh on growth shares, ‎although strength in industrials, healthcare, and consumer ‎staples helped lift the Dow Jones Industrial Average. The S&P ‎‎500 gained 0.2%, the Dow Jones Industrial Average advanced ‎‎1.0%, and the NASDAQ declined -0.2%. ‎

European equities ended higher as investors welcomed improved ‎global risk sentiment following the U.S.–EU trade agreement, ‎while corporate earnings remained broadly supportive and lower ‎energy prices eased inflation concerns. Financials, industrials, and ‎consumer-related shares led gains across the region, with ‎investors also positioning ahead of key central bank ‎developments and U.S. macroeconomic events. The FTSE 100 ‎gained 0.8%, the DAX advanced 0.4%, the CAC 40 rose 0.6%, ‎and the EURO STOXX 600 increased 0.6%. ‎

Asian markets are trading with a mixed performance as the ‎global technology selloff continued to pressure regional ‎semiconductor shares, while investors remained cautious ahead ‎of the Federal Reserve's policy decision and major U.S. ‎technology earnings. South Korean equities experienced the ‎steepest losses as chipmakers extended their decline, Japan's ‎market also fell sharply, while Hong Kong found modest support ‎from selective buying in financial and internet stocks. China's ‎market weakened on softer risk appetite and profit-taking in ‎cyclical sectors. The SHCOMP declined -1.2%, the KOSPI ‎dropped -10.8%, the Nikkei 225 fell -4.0%, and the Hang Seng ‎gained 0.4%.‎