US Tariffs Trigger Market Turmoil; Global Stock Markets Hit Hard

The global financial markets have been rocked following the imposition of US tariffs, with significant downturns seen in both American and international markets. On the first day of the trading week, the US stock market continued its downward trend, with the Dow Jones falling by 3.8%, and the S&P 500 recording a further 4.3% decline. The Nasdaq began the week with a sharp drop of 5.2%.

Asian markets also experienced declines, with the Japanese stock market seeing a 1.8% drop and the Korean market losing 4%.

In the Gulf region, the effects of the US tariffs and falling oil prices have caused turmoil in the stock markets of Saudi Arabia and other Gulf countries. Saudi Arabia’s stock market experienced a historic loss, the worst in five years, with the index dropping by 800 points and a loss of 500 billion riyals.

The stock value of Saudi Aramco plunged by 340 billion riyals, while stock markets in Kuwait, Qatar, Muscat, Bahrain, and Oman also recorded losses, reflecting the widespread impact of these financial developments.