Tadawul Review:

The Tadawul All Share Index (TASI) declined on ‎Wednesday, dropping 206 points (-1.8%) to close at ‎‎11,096. The index opened 30 points lower than the ‎previous day’s close and fluctuated within a range of ‎‎+64 to -236 points throughout the session. Market ‎breadth was largely negative, with 21 out of 21 sectors ‎ending in the red, as 225 stocks declined while 23 ‎advanced. Banks (-2.3%), Real Estate (-3%), and Utilities ‎‎(-3%) sectors were the key drivers of the index’s ‎performance. Among individual stocks, Al Rajhi Bank (-‎‎1.8%), ACWA Power (-3.4%), and Bank AlBilad (-6.4%) ‎were major contributors to the index’s decline. Trading ‎activity slowed, with share volume down 29% and ‎trading value down 14%, reaching 353 million shares and ‎SAR 6.8 billion.‎

 

Market Wrap International:

U.S. stocks staged one of their strongest rallies since World War II on Wednesday, after President Donald Trump announced a 90-day pause and reduction in tariffs on goods from most nations—though he simultaneously raised tariffs on Chinese imports to 125%. The announcement sparked a broad market surge, with the S&P 500 soaring 9.5%, the Nasdaq jumping 12.2%, and the Dow Jones Industrial Average climbing 7.9%. Leading sector gains in the S&P 500 were Information Technology (+14.15%), Consumer Discretionary (+11.36%), and Communication Services (+10%).

European shares extended losses on Wednesday as China sharply increased tariffs on U.S. imports, deepening global trade tensions. Sentiment was further weighed down by President Donald Trump’s threat of additional sector-specific levies, with healthcare stocks bearing the brunt of the decline. The Euro STOXX 600 fell -3.5%, the DAX dropped -3%, the CAC 40 declined -3.3%, and the FTSE 100 slipped -2.9%.

Asian markets closed mixed on Wednesday amid escalating trade tensions between the U.S. and China. Japan’s Nikkei 225 plunged -3.9%, leading regional losses in a broad sell-off driven by fears of an economic slowdown. South Korea’s KOSPI also declined by -1.7%, reflecting the cautious sentiment. In contrast, China’s SHCOMP rose by 1.3% and Hong Kong’s Hang Seng edged up 0.68%.