Trading Economics-


The benchmark KOSPI fell 5.35% to close at 7,247 on Wednesday, hitting its lowest level in over a month as a broad sell-off in semiconductor stocks followed overnight losses on Wall Street. Chipmakers came under pressure after investors questioned the sustainability of the AI-driven spending boom despite Samsung Electronics' strong quarterly earnings, dragging global semiconductor shares lower.Losses were led by Samsung Electronics (-5.91%), SK Hynix (-5.00%), SK Square (-6.27%), HD Hyundai Heavy Industries (-7.07%), Hanwha Aerospace (-8.20%) and Doosan Enerbility (-9.44%). Meanwhile, South Korean authorities said they would closely monitor risks to market stability as heightened volatility in heavyweight chip stocks and single-stock leveraged ETFs continued to fuel sharp market swings.

Trading Economics-


The Shanghai Composite fell 0.49% to close at around 3,970.9 on Wednesday, while the Shenzhen Component dropped 1.87% to 14,939.7, both extending losses for a third consecutive session and hitting new one-month lows, as renewed tensions in the Middle East weighed on broader Asian markets and dampened risk appetite.Among individual stocks, losses were recorded in Zijin Mining Group (-0.94%), Giga Device Semiconductor (-2.71%), CITIC Securities (-1.58%), CATL (-3.08%), Luxshare Precision Industry (-1.28%), and Huagong Tech (-3.97%).

Trading Economics-


The NZX 50 fell 98 points, or 0.7%, to close at 13,665 on Wednesday, after being flat in the previous session, pulling back from a record high reached over the previous two consecutive sessions, following the RBNZ's decision to raise interest rates by 25 bps to 2.5%. The central bank raised its cash rate for the first time in more than three years and signalled further tightening ahead to bring inflation back to target. Traders also anticipated the release of the Fed's June meeting minutes for guidance on the outlook for interest rates. Rising oil prices further pressured sentiment, as inflation concerns raised expectations of further interest rate hikes. The broader index tracked Wall Street's overnight decline, amid a sell-off in chipmaker stocks. Healthcare, financials, technology, and communication services mainly weighed on the index, with notable losses from Ventia Services Group (-2.8%), Fisher & Paykel (-2.6%), Infratil (-2.3%), and Freightways Group (-1.8%).

Trading Economics-


The ASX 200 lost 19 points or 0.2% to finish at 8,785 on Wednesday, down for the third session amid weaker U.S. Nerves also persisted as top trading partner China is set to release key data Thursday, including CPI and PPI figures for June. Still, early losses were trimmed by RBA Assistant Governor Sarah Hunter, who noted economic activity stays resilient despite weaker consumer and business mood after the oil shock. Sectoral pressure was broad, with electronic tech, non-energy minerals, and industrial services dragging. BHP fell 2.3% after workers announced plans to strike on July 16 at its WA iron ore terminal, demanding recognition of specialist skills and costs. Other notable laggards included Evolution Mining (-4.2%), Mineral Resources (-3.4%), and Greatland Resources (-2.8%).

Trading Economics-


India’s BSE Sensex weakened further and closed about 2.2% lower at 76,504 on Wednesday, notching its biggest daily decline since March 30, after escalating tensions in the Middle East pushed oil prices even higher.The latest developments reignated worries over energy supplies and inflationary pressures. Meanwhile, investors remained cautious ahead of the Fed's June meeting minutes and the start of the earnings season, with Tata Consultancy Services due to report results on Thursday. All major sectoral indices ended lower. InterGlobe Aviation (-5%), Maruti (-4.1%), Hindustan Unilever (-3.4%), Bajaj Finance (-3.1%), Kotak Mahindra Bank (-2.9%),Mahindra & Mahindra (-2.9%) and ITC (-2.9%) were the major laggards.

Trading Economics-


US stocks fell on Wednesday as higher energy prices added to a less favorable macroeconomic backdrop. The S&P 500 and the Nasdaq 100 fell just below 1%, while the Dow dropped 1.5%. Treasury yields rose ,Insights on the Fed's willingness to raise interest rates could be uncovered with minutes of the FOMC's June meeting to be released shortly. Credit-sensitive sectors fell, with JPMorgan and Visa down 2%. Chip producers also extended their rout on concerns that hyperscalers will be forced to slow spending in AI infrastructure, while reports that major Chinese companies are starting chip projects hampered the outlook on their market shares. Micron, Sandisk, and Intel were around 1% down while Meta, Amazon, and Microsoft fell up to 2%.

Trading Economics-


The FTSE 100 fell more than 1.5% on Wednesday.Mining stocks were among the biggest laggards, with precious metals producers Endeavour down 7.3% and Fresnillo down 5.8%. Elsewhere in the mining sector, Antofagasta lost 6.4%, Anglo American retreated 5.6%, and Rio Tinto fell 5%. In the broader market, FTSE 250 homebuilder Vistry plummeted 7% following an operational update, an ongoing review of its chief executive, and the announced departure of its chief financial officer, despite projecting full-year adjusted pretax profits to meet current market expectations. On the other hand, oil majors BP and Shell advanced 2.3% and 3.1%, respectively, benefiting from the surge in crude prices.

Trading Economics-


The DAX 40 settled about 2.2% lower at 24,897.5 on Wednesday, the biggest daily decline since March 19, as rising Middle East rensions fueled risk aversion.At the same time, traders continued trimming exposure to semiconductor and AI stocks amid valuation concerns. Losses were broad-based, led by banks, financials, autos, consumer discretionary and industrials. Real estate Vonovia led losses, slipping 5.7%, followed by Deutsche Bank (-5%), Heidelberg Materials (-4.6%) and Rheinmetall (-4.5%). Mercedes-Benz Group slid 3.9%, weighing on auto stocks after reporting an 8% drop in Q2 car sales. Lufthansa fell 6.5% on higher oil prices and a Citigroup downgrade to "Sell"

Trading Economics-


European stocks closed sharply lower on Wednesday, tracking a global equity downturn . The Euro STOXX 50 fell 2.0% to 6,190 and the STOXX Europe 600 fell 1.8% to 634.The resulting surge in fuel prices raised sovereign yields to reflect expectations that the ECB is likely to deliver more rate hikes this year. Santander and Deutsche Bank sank more than 5%. Also, UniCredit dropped 2.9% after it increased its stake Commerzbank, increasing the likelihood of a full takeover in the upcoming quarters. Meanwhile, the AI trade continued to be unwound as software companies came under new pressure, with SAP sliding 4%.

The Saudi Stock Exchange's main index closed today up 1.32 points, reaching 10,853.73 points, with trading valued at SAR 4.3 billion.

According to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange, 228 million shares were traded. Shares of 62 companies rose in value, while shares of 200 companies declined.

The top gainers were Production, Development, Resources, Anabeeb, and Marana, while the biggest losers were Tasheel, Enaya, Thimar, Extra, and Wafrah. The percentage changes ranged between 9.14% and 9.97%. Anabeeb, Americana, Petro Rabigh, Saudi Aramco, and Darb Saudi were the most actively traded stocks by volume, while Saudi Aramco, Al Rajhi, Petro Rabigh, Al Ahli, and Tasheel were the most actively traded by value.

The most actively traded stocks by value were Saudi Aramco, Al Rajhi, Petro Rabigh, Al Ahli, and Tasheel. The Saudi parallel stock market index (Nomu) closed today down 72.74 points, reaching 22,594.56 points, with a trading value of SAR 13 million and a volume of over 2.5 million shares traded.

SPA-

The Tunisian Stock Exchange's main index, TUNINDEX, closed today's trading session up 0.35%, reaching 19,921.82 points.

Total trading volume reached 13.003 million Tunisian dinars, with 30 listed companies' shares rising and 18 companies' shares declining.

SPA-

The Moroccan stock exchange closed lower today, with its main index (MASI) declining by 0.93% to close at 18,055.63 points.

The index of performance of listed companies also fell by 1.00%, settling at 1,328.05 points, while the index of the top-performing companies dropped by 0.71% to 1,287.27 points.

Total trading volume reached approximately 200 million Moroccan dirhams, while the market capitalization stood at nearly one billion Moroccan dirhams.

SPA-

The Kuwait Stock Exchange closed trading today with its general index down 71.46 points, or 0.82%, to reach 8662.26 points.

The main market index fell by 82.98 points, or 0.94%, to reach 8758.13 points.

The premier market index also declined by 72.72 points, or 0.79%, to reach 9091.44 points.

The Main 50 index lost 143.17 points, or 1.42%, to reach 9955.39 points.

(QNA)-


The Qatar Stock Exchange (QSE) index ended Wednesday's session down 78.45 points, or 0.77%, at 10,176.15 points.

A total of 153,171,423 shares were traded, with a total value of QR 348,786,204.959, through 22,392 transactions across all sectors.

Shares of nine companies advanced, while 43 companies declined and one company closed unchanged.

The market capitalization stood at QR 614,141,218,482.338 at the close of trading, down from QR 619,627,207,896.164 in the previous session.

Youm7-

The Egyptian Exchange (EGX) closed Wednesday's trading session with a general decline across its indices, ending a five-session winning streak. This decline was driven by selling pressure from Egyptian and Arab investors, while foreign investors were net buyers. Trading volume reached EGP 9.8 billion, and market capitalization fell by EGP 47 billion to close at EGP 3.782 trillion.

The EGX 30 index dropped 1.84% to close at 52,028 points. The EGX 30 Equal Weight index fell 1.54% to close at 63,950 points, and the EGX 30 Total Return index declined 1.84% to close at 24,272 points. The EGX 35-LV index, which tracks low-volatility stocks, also fell 1.02% to close at 6,093 points.

The EGX 70 Equal Weight Index for small and medium-sized companies fell by 1.3% to close at 16,004 points, the EGX 100 Equal Weight Index fell by 1.29% to close at 21,747 points, and the Sharia Index fell by 1.7% to close at 5,845 points.