Most Gulf markets ease on weak earnings, US sanctions on China
Most Gulf markets ease on weak earnings, US sanctions on China Gulf markets fell, largely due to lower-than-expected earnings reports from some companies and concerns over new US sanctions on Chinese firms. These factors combined to weigh on investor sentiment, leading to a slump in stock markets across the region. The United States has imposed new sanctions on Chinese companies, particularly in the technology sector, adding to global economic tensions. The move has raised concerns about the impact on trade and supply chains, further affecting investor sentiment in markets such as the Gulf. Weak earnings, especially from sectors that are important to Gulf economies, have forced investors to reassess near-term growth prospects. The economic uncertainty caused by these global factors, along with domestic challenges in some markets, are contributing to the downward trend. As investors digest these developments, Gulf markets will remain sensitive to both regional earnings reports and...