Wednesday, 11 July 2018

MIDEAST STOCKS-Gulf markets end mixed as oil prices fall on U.S. tariff threat | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf markets end mixed as oil prices fall on U.S. tariff threat | ZAWYA MENA Edition:

Gulf stock markets ended mixed on Wednesday as sentiment was hurt by a more than $2 a barrel drop in Brent crude after United States President Donald Trump threatened new tariffs on China.

Qatar shares , down 0.4 percent, and Oman's index, 1 percent lower, led the declines. But Abu Dhabi .ADI rose 0.5 percent, and Kuwait's premier index added 1.4 percent, extending gains from a day earlier.

Elsewhere, the concern of U.S. tariffs on a further $200 billion of Chinese goods weighed on commodities and Asian stock markets.

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