Saudi stock market plunges 6.78% as US tariffs trigger global market rout - fears of trade war escalate
The Saudi stock market witnessed a significant 6.78% drop on Sunday, marking its worst daily decline in five years. This sharp fall was attributed to the new US trad
The Saudi stock market witnessed a significant 6.78% drop on Sunday, marking its worst daily decline in five years. This sharp fall was attributed to the new US trade tariffs, causing a global market turmoil and sparking concerns of a potential trade war. Notable sectors and companies such as Aramco were heavily impacted, resulting in a market value plunge of over half a trillion riyals.