The Saudi stock market witnessed a significant downturn on Sunday, recording its largest single-day decline in five years with a 6.78% drop. The market turmoil was primarily fueled by concerns over the new US trade tariffs, sparking fears of a potential trade war and triggering a global market sell-off. Notable sectors and companies such as Aramco were not immune to the sell-off, suffering substantial losses. The market value plummeted by more than half a trillion riyals as investors reacted to the escalating trade tensions between the US and its trading partners.