Gulf stocks slide as weak earnings and U.S. jitters weigh on sentiment
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最新报道：Gulf stock markets declined sharply on Sunday due to disappointing corporate earnings and concerns over potential U.S. interest rate hikes. Saudi Arabia's benchmark index dropped 1.3%, with Al Rajhi Bank and Saudi National Bank both falling over 2%. The Dubai Financial Market General Index slid 1.1% as major real estate and banking stocks retreated. Analysts attribute the sell-off to weak Q4 earnings reports from regional companies and growing investor caution ahead of key U.S. economic data this week that could influence Federal Reserve policy decisions. The MSCI GCC Index tracking Gulf markets has lost nearly 5% this month amid global risk aversion.
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