NewTimeSpace News ：As the US-Iran war continues to escalate, its initial impact on regional financial markets is becoming apparent, with the Saudi stock market experiencing sustained volatility recently. As of 14:17 on March 6, Csop Saudi Arabia Etf (02830.HK) declined over 1% in afternoon trading.

According to Hong Kong Exchanges and Clearing (HKEX) data, Csop Saudi Arabia Etf (02830.HK) is an exchange-traded fund (ETF) listed in Hong Kong by CSOP Asset Management. Tracking the FTSE Saudi Arabia Index, the ETF covers the top 50 companies by market capitalization in Saudi Arabia, with core holdings concentrated in the energy, financials, and telecommunications sectors. It is currently the only ETF directly linked to the entire Saudi market available to investors in Mainland China and Hong Kong.

According to local media reports, Saudi Arabia summoned Iranian Ambassador Ali Reza Enayati on Sunday following overt attacks launched by Iran against Saudi Arabia and several other Gulf states. During the meeting, Waleed Al-Khuraiji, Saudi Deputy Minister of Foreign Affairs, conveyed the Kingdom's strong condemnation and firm opposition to the Iranian attacks on Saudi Arabia and neighboring Gulf countries.

As the Middle East conflict expands and the strategic shipping chokepoint, the Strait of Hormuz, is effectively closed, turmoil in the energy market has intensified. Saudi Arabia has raised the official selling prices of its main crude oil grades for Asian buyers in April by the largest margin since August 2022.

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