Riyadh, Saudi Arabia – Saudi stocks suffered a staggering loss of $133 billion as global markets reacted to the imposition of US tariffs. The Saudi index plummeted by 6.78%, reflecting a broader downturn in international stock markets, as investors feared the potential consequences of a full-blown trade war and economic recession.
The sharp drop in Saudi stock prices mirrors a wider global sell-off, triggered by the escalating trade tensions between the United States and its trading partners. Analysts are warning that continued tariff increases could deepen the market’s volatility, leading to more uncertainty in the global economy.
Investors are closely monitoring the situation, with many fearing that the US tariff actions could trigger prolonged economic challenges for both regional and global markets.
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