Saudi civil defence says threat lifted in Khamis Mushait and Abha City

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PBoC sets USD/CNY mid-point at 6.7766 vs Exp. 6.7074 (prev. 6.7769) LME says steel futures contract with Shanghai price to start on October 27th Saudi civil defence says threat lifted in Khamis Mushait and Abha City Saudi civil defence issues emergency alert in Khamis Mushait and nearby Abha City PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC's global pure-play wafer foundry market share reached a record 72.5% in Q2, up from 72.3% in Q1

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Saudi Arabian authorities announced that emergency threats in the Khamis Mushait and Abha City regions have been resolved. As geopolitical risks ease, a sense of relief is spreading across the Middle East. Investors should monitor the trend of diminishing tensions in the region.

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Saudi Arabia's announcement regarding the resolution of security threats lowers geopolitical anxiety in the Middle East, alleviating concerns over crude oil supply disruptions and reducing market uncertainty. The reduction in the risk premium could temper volatility in the oil market.

Key points to watch moving forward include whether additional military conflicts will occur and the stabilization of the security situation in southern Saudi Arabia. Continuous monitoring of changes in geopolitical indicators is necessary.

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