The Saudi Stock Market Index began trading today, Wednesday, low after the rise of about 2% during the past two, with the return of negative morale to global markets after the United States moved forward to set up customs duties on China that could reach 104% from today. The “Tassi” index opened 0.3%to 11264 points, with Al -Rajhi Bank shares dropping 0.3%, while Sabic’s share rose 0.5%. Majid Al -khaldi, the first financial analyst of the newspaper “Al -iqtisadiah”, expected the market to enter a cross between 11 thousand and 11300 points during the rest of the week’s sessions in the light of the global events. Al -khaldi said during an intervention with ‘Al -Sharq’ that ‘the current situation is still difficult in the financial markets, including the Saudi market, so we expect a decline to testify, but I think the intensity of the decline will be less in the Saudi market.’ Trump’s fees still confuse the markets and news agencies a spokeswoman for the White House said that “the additional customs duties on China will start at 12:01 on April 9.” US President Donald Trump has promised additional customs duties, if Beijing has not withdrawn his recent increase in 34%revenge fees, and warned that any commercial response to the United States will be drawn with more serious measures. Chinese Prime Minister Lee Qiang said his country has sufficient political instruments “to be equal to the negative impact of external shocks.” The fluctuations of US stock indicators continued for the fourth day yesterday, as the S&P 500 (S&P 500) dropped by 1.6%to 10%, that Trump announced the details of customs duties last Wednesday, and the futures for US indicators fell within 2%. As for the Asian stock markets, Chinese stock indicators have risen, while other markets have decreased, and the dollar index has decreased for the second day in a row. Anxiety between traders in the global markets prevails in the possibility of a collapse in the global financial system due to fluctuations by various asset categories, which has led to speculation that the Federal Reserve may need to accelerate the reduction of interest to prevent stagnation, despite continuing inflationary concern. With investors using secure ports, the price of gold in immediate transactions rose 1.16% to $ 3018 per gram by 1:24 GMT, while the Bloomberg index for immediate dollars fell 0.36%.
Saudi shares are low open with the return of negative morale to the markets
