Tadawul Review:

The Tadawul All Share Index (TASI) rose on Tuesday, ‎adding 109 points (1%) to close at 11,303. The index ‎opened 200 points above the previous day’s close and ‎extended its gains in early trading, reaching an intraday ‎high of 339 points before trimming some of its advance ‎to settle at the closing level. Market breadth was largely ‎positive, with 19 out of 21 sectors ending in the green, ‎as 194 stocks advanced while 53 declined. The Banks ‎‎(1.3%), Telecommunications (1.3%), and Insurance (2.4%) ‎sectors were the key drivers of the index’s performance. ‎Among individual stocks, Al Rajhi Bank (up 6.8%), ‎Aramco (1.3%), and Riyad Bank (4.8%) were the top ‎contributors to the market’s gains. Trading activity ‎slowed, with share volume down -16% and trading value ‎falling -24%, reaching 496 million shares and SAR 9 ‎billion.‎

Market Wrap International:

U.S. stocks reversed early gains to end sharply lower on Tuesday, as optimism quickly faded following confirmation that President Trump would proceed with steep tariffs on China. The abrupt shift in sentiment reflected deepening uncertainty over the trade war’s next phase. Leading the declines in the S&P 500 were Materials         (-2.96%), Consumer Discretionary (-2.54%), and Energy              (-2.48%). The S&P 500 dropped by -1.6%, the Nasdaq fell by          -2.1%, and the Dow Jones Industrial Average declined by -0.8%.

European shares bounced from 14-month lows on Tuesday, snapping a four-day losing streak, as investors took a breather from the recent selloff while keeping a close eye on global reactions to the U.S. tariff measures. The CAC 40 gained by 2.5%, the Euro STOXX 600 advanced 2.7%, the FTSE 100 increased 2.7%, and the DAX rose by 2.5%.

Asian equities rebounded on Tuesday, with Japan outperforming regional peers after U.S. Treasury Secretary Scott Bessent signaled Tokyo would be a key focus in upcoming trade negotiations. In China and Hong Kong, markets found firmer footing, supported by broader regional strength and indications of policy backing after recent tariff-driven selloffs. The Nikkei 225 rose by 6%, the TOPIX advanced 6.3%, the Hang Seng increased 1.5%, the SHCOMP edged higher by 1.6%, and South Korea’s KOSPI gained 0.3%.