The Saudi Stock Exchange awaits the impact of the imposition of US Customs duties

The anticipation continues in the Saudi stock market, amid an assessment of the effects of US President Donald Trump’s leadership to set up customs duties on China, Canada and Mexico, especially in the demands of China. The “Tassi” index closed yesterday, about 0.26%, to go down without an obstacle of 12400 points. Most important is with the most leadership shares led by Aqua Power, “Saudi Aramco” and “Sabic”. “The market still evaluates the impact of the threats of US customs duties on the global economy, especially as we saw declines in the world markets in general and the movement of currencies during the Monday -strong declines, but the wave markets see simple declines because the impact will be very easy,” according to the seed economy. US President Donald Trump has announced the postponement of the establishment of customs duties in Canada and Mexico for a month, and a similar decision can be announced for Beijing today as he will talk to his Chinese counterpart before the fees came into effect in the United States at the beginning of Tuesday. After the postponement statement, the shares in Hong Kong, Australia and Japan rose, and the futures for US markets increased after the S&P 500 index compensated most of its decline on Monday, which came in 2%earlier. In a anti -procedure, China today announced that it will achieve with the US giant technology company “Google” with the allegations of the violation of monopoly laws, and the customs ranges ranging from 10% and 15% on a group of US products, which fueled the trade war between the two largest economies in the world. Although the market has realized that the decisions to lay fees are only a way to negotiate the Trump administration, the uncertainty will remain the global markets. Also read: “Goldman”: Trump’s fees can stop the profits and shares of the largest US businesses. The Saudi Market is expected to deal positively with the rise of Asian markets, although its impact on the decline in global markets was poor yesterday, as “the scope of profit profit is limited, especially that the value of trading is good at 6.6 billion Riyals. There is still purchases and recovery from investors, so the decline was slight,” Salem all -Muhaleh Financial. What do we follow? In the next phase, we follow the performance of the petrochemical sector, who saw the last session, the decline in the shares of “Sabic” by 0.15%, “Specim Global” by 0.26%, “Kemanol” by 1.44%and “Saudi entity” by 0.76%. ‘The sectors issued to China will mainly be affected by US decisions, especially petrochemicals, which will be affected in the event of a decrease in Chinese demand for petrochemicals due to a decrease in economic activity, especially as the prices of petrochemics in the newspaper are a’ al -iqtisadiah ‘. We will also follow the performance of the banking sector, which, despite the slight increase yesterday, saw the fall of 8 out of ten listed shares, as only the ‘Al -Rajhi Bank’ shares increased by 1.42% and “Riyad Bank” by 0.34%. Also read: a partnership between the ‘Saudi French capital’ and ‘Black Rock’ to provide investment solutions in Saudi Arabia ‘, there is a question mark on the ability of banks to expand lending, because the loan portfolio in most banks is higher than deposits, and this indicates that banks have the financial analysis of the financial analysis. Had a positive impact over the past week, but the global influences were temporarily overwhelmed and we had to wait until the full impact of the results of these banks appeared. “So far, 8 out of 10 banks have announced their profits for last year, the last ‘Riyad Bank’, which ended after the end of the trade yesterday.