Sunday, 12 May 2019

Most Mideast Stocks Fall With Trade Tension Spreading: Inside EM - Bloomberg

Most Mideast Stocks Fall With Trade Tension Spreading: Inside EM - Bloomberg:

Most stock markets in the Middle East retreated on Sunday as investors saw more volatility spilling over from trade talks between the U.S. and China.

President Donald Trump said in a tweet on Sunday it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be available to them after what he predicted would be his certain re-election in 2020.

The main equity indexes in Saudi Arabia and Kuwait fell the most in the Gulf, both down more than 2%. The main gauge in Riyadh declined for the seventh consecutive session, the longest run since March 2018.

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