Tadawul Review: ‎

Tadawul All Share Index (TASI) fell on Thursday, ‎dropping 32 points (-0.32%) to close at 10,106.54. The ‎index opened 18 points below its previous close, but it ‎recovered some losses before the close; however, it still ‎ended in the red zone. Overall, 11 out of 21 sectors ‎closed in the red zone, and 73 shares rose while 179 ‎fell. Materials (-1.2%), Utilities (-2.3%), and Capital ‎Goods (-2.6%) sectors contributed the most to the index ‎decline. Stockwise, ACWA Power (-3.1%), Saudi ‎Aramco (-0.4%), and Maaden (-0.9%) were the major ‎contributors to the index decline. The trading activity ‎witnessed an increase in volume of +21% to reach ‎‎254mn shares, while value witnessed a decrease of -11% ‎to reach SAR 3.5bn in value traded.‎

 

Market Wrap International:  

U.S. equities ended lower as stronger-than-expected inflation data reinforced concerns about further Federal Reserve rate hikes, while scrutiny of AI infrastructure financing weighed on technology and semiconductor stocks. Investors continued to reassess elevated valuations and borrowing costs, prompting a rotation toward more defensive sectors, including energy and utilities. The S&P 500 fell 1.1%, the Dow Jones Industrial Average declined 0.3%, and the NASDAQ dropped 2.1%.

European equities ended higher as easing bond yields and improved risk sentiment supported a recovery following recent technology-sector volatility on Wall Street. Investors also focused on the opening phase of third-quarter earnings season, while automotive shares advanced on hopes of improved competitiveness in the European industry. The FTSE 100 gained 0.4%, the DAX rose 0.9%, the CAC 40 advanced 0.3%, and the EURO STOXX 600 added 0.7%.

Asian markets are trading higher as investors recover from the recent technology-led selloff, with gains in semiconductor shares supporting South Korea and Japan, while improved sentiment across global equities lifted regional benchmarks. The rebound followed heavy selling driven by inflation concerns, higher-rate expectations and questions over the sustainability of AI-related investment. The Shanghai Composite gained 0.2%, the KOSPI rose 2.0%, the Nikkei 225 advanced 1.4%, and the Hang Seng added 0.5%.