MIDEAST STOCKS-Gulf markets hit by concern about new U.S. tariff risk | Reuters:
Gulf stocks opened lower on Monday as investors worried about reports the United States was preparing a new round of tariffs on Chinese imports.
Such a move would set up a possible escalation in the trade dispute between the two world powers.
After closing at a new six-month low on Sunday, stocks in Saudi Arabia failed to recover on Monday. Saudi Basic Industries Corp, the largest listed company in the Gulf, opened 1.7 percent down, with Al Rajhi Bank falling 0.9 percent.
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