The Saudi stock market witnessed a significant downturn on Sunday, with a sharp 6.78% drop marking its worst daily decline in five years. The plunge was attributed to the imposition of new trade tariffs by the United States, sparking concerns of a potential trade war and causing a ripple effect across global markets. Notable sectors and companies, such as Aramco, bore the brunt of the sell-off, resulting in a collective market value loss exceeding half a trillion riyals. The repercussions of this market turmoil are being closely monitored by investors and analysts worldwide.