Tadawul Review:

The Tadawul All Share Index (TASI) edged up on ‎Wednesday, gaining 18 points (0.2%) to close at 11,634. ‎The index started the session 10 points below the ‎previous close and saw early profit-taking, but quickly ‎turned negative and remained in the red throughout the ‎day. However, during the closing auction, it managed a ‎modest rebound, adding around 24 points. It ended on a ‎positive note, with 10 out of 11 sectors closing in the ‎green. A total of 109 stocks advanced, while 131 ‎declined. The Banks (+0.6%), Telecommunications ‎‎(+1.2%), and Utilities (+1.1%) sectors were the key ‎drivers of the index’s performance. Among individual ‎stocks, ACWA Power (+1.5%), SNB (+1.5%), and Al ‎Rajhi Bank (+0.5%) were major contributors to the ‎gains. Trading activity increased, with share volume ‎rising by 0.4%, while trading value declined by -8.8%, ‎reaching 342 million shares and SAR 5.8 billion.‎

Market Wrap International:

U.S. stocks declined sharply on Wednesday, led by steep losses in technology shares after Nvidia issued a stark warning over the impact of new U.S. export restrictions to China. Investor sentiment was further shaken by Federal Reserve Chair Jerome Powell’s remarks on the “challenging” economic implications of ongoing tariff uncertainties under President Trump’s trade policy. The S&P 500’s Information Technology sector dropped 3.94%, while Consumer Discretionary and Communication Services fell by 2.69% and 2.48%, respectively. Dow Jones fell by -1.7%, Nasdaq dropped by -3.1%, and S&P 500 declined by -2.2%.

European markets ended lower on Wednesday as persistent uncertainty surrounding U.S. trade tariffs continued to weigh on sentiment. The pan-European STOXX 600 declined by -0.2%, France’s CAC 40 dropped -0.1%, and, while Germany’s DAX advanced 0.3%, and the UK’s FTSE 100 rose by 0.3%.

Asian markets faced a turbulent session on Wednesday, mirroring Wall Street’s overnight decline as ongoing concerns about the semiconductor sector and persistent tariff uncertainty weighed on investor sentiment. The Nikkei 225 dropped -1%, the KOSPI fell -1.2%, and the Hang Seng slid-1.91%, while the SHCOMP bucked the trend with a modest 0.26% gain.