The Saudi stock market faced a significant setback on Sunday with its largest single-day decline in five years, plummeting by 6.78%. This sharp drop was instigated by the imposition of new trade tariffs by the United States, causing a ripple effect across global markets and sparking concerns of an impending trade war. Notable sectors and companies such as Aramco were severely impacted, witnessing substantial losses that resulted in the market shedding over half a trillion riyals in value. The repercussions of this downturn are being closely monitored by investors and analysts alike as they assess the potential long-term implications on the financial landscape.