Saudi Stocks Dive 5.6%, Wiping Out 2018 Gains
Saudi stocks dived 5.6 percent just an hour after trading opened on Sunday as the oil-rich kingdom comes under increasing international pressure over the disappearance of journalist Jamal Khashoggi.
The Tadawul All-Shares Index (TASI) quickly lost more than 400 points on the first trading day of the week, wiping out all the gains it had made since the start of the year.
The index had already dropped 3.0 percent on Thursday, following a rout on world stock markets fueled by worries about higher interest rates and U.S. President Donald Trump's attacks on the Federal Reserve.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://www.naharnet.com/stories/en/251804 |