Gulf markets fall as U.S.–China tariff tensions rattle investors

Gulf stock markets ended lower on October 12 after the U.S. announced 100% tariffs on Chinese exports, sparking global trade concerns. Saudi Arabia’s main index dropped nearly 0.8%, led by declines in energy and banking shares. The escalation between Washington and Beijing revived fears of supply disruptions and weaker oil demand, triggering regional profit-taking. Market watchers said volatility could persist as traders await further policy signals. (Reuters)