🇸🇦 Saudi Market (TASI)
- TASI remains range-bound
Drivers:
• Oil at supportive levels
• Strong fiscal positioning
• استمرار الإنفاق الحكومي
Constraints:
• External liquidity conditions
• Sensitivity to global risk appetite
Read:
TASI is in a controlled consolidation phase — stable, but lacking upside momentum.
🇯🇵 Japan
- Nikkei 225 remains near highs
Drivers:
• Weak JPY supporting exporters
• Solid earnings backdrop
Risks:
• USD/JPY approaching 160
• Policy sensitivity from Bank of Japan
Read:
Strong performance, but increasingly policy-dependent.
🇨🇳 China / Hong Kong
- Shanghai Composite: Stabilizing
• Hang Seng Index: Lagging
Drivers:
• Stimulus expectations
• Valuation support
Challenges:
• Weak demand
• Property sector drag
• Foreign flow hesitation
Read:
China is stabilizing, not recovering — flows remain tactical.