diff --git a/.changeset/quiet-donuts-wonder.md b/.changeset/quiet-donuts-wonder.md
new file mode 100644
index 000000000000..a0ee39f4e2b0
--- /dev/null
+++ b/.changeset/quiet-donuts-wonder.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+chore: emit `await_reactivity_loss` in `for await` loops
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
index a56aca9c5f0b..0737f531a5b4 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
@@ -26,6 +26,7 @@ import { DebugTag } from './visitors/DebugTag.js';
 import { EachBlock } from './visitors/EachBlock.js';
 import { ExportNamedDeclaration } from './visitors/ExportNamedDeclaration.js';
 import { ExpressionStatement } from './visitors/ExpressionStatement.js';
+import { ForOfStatement } from './visitors/ForOfStatement.js';
 import { Fragment } from './visitors/Fragment.js';
 import { FunctionDeclaration } from './visitors/FunctionDeclaration.js';
 import { FunctionExpression } from './visitors/FunctionExpression.js';
@@ -103,6 +104,7 @@ const visitors = {
 	EachBlock,
 	ExportNamedDeclaration,
 	ExpressionStatement,
+	ForOfStatement,
 	Fragment,
 	FunctionDeclaration,
 	FunctionExpression,
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/ForOfStatement.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/ForOfStatement.js
new file mode 100644
index 000000000000..a5d2751812cc
--- /dev/null
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/ForOfStatement.js
@@ -0,0 +1,20 @@
+/** @import { Expression, ForOfStatement, Pattern, Statement, VariableDeclaration } from 'estree' */
+/** @import { ComponentContext } from '../types' */
+import * as b from '#compiler/builders';
+import { dev, is_ignored } from '../../../../state.js';
+
+/**
+ * @param {ForOfStatement} node
+ * @param {ComponentContext} context
+ */
+export function ForOfStatement(node, context) {
+	if (node.await && dev && !is_ignored(node, 'await_reactivity_loss')) {
+		const left = /** @type {VariableDeclaration | Pattern} */ (context.visit(node.left));
+		const argument = /** @type {Expression} */ (context.visit(node.right));
+		const body = /** @type {Statement} */ (context.visit(node.body));
+		const right = b.call('$.for_await_track_reactivity_loss', argument);
+		return b.for_of(left, right, body, true);
+	}
+
+	context.next();
+}
diff --git a/packages/svelte/src/compiler/utils/builders.js b/packages/svelte/src/compiler/utils/builders.js
index c241cdb44532..81c4e6b8e0c5 100644
--- a/packages/svelte/src/compiler/utils/builders.js
+++ b/packages/svelte/src/compiler/utils/builders.js
@@ -214,6 +214,23 @@ export function export_default(declaration) {
 	return { type: 'ExportDefaultDeclaration', declaration };
 }
 
+/**
+ * @param {ESTree.VariableDeclaration | ESTree.Pattern} left
+ * @param {ESTree.Expression} right
+ * @param {ESTree.Statement} body
+ * @param {boolean} [_await]
+ * @returns {ESTree.ForOfStatement}
+ */
+export function for_of(left, right, body, _await = false) {
+	return {
+		type: 'ForOfStatement',
+		left,
+		right,
+		body,
+		await: _await
+	};
+}
+
 /**
  * @param {ESTree.Identifier} id
  * @param {ESTree.Pattern[]} params
diff --git a/packages/svelte/src/internal/client/index.js b/packages/svelte/src/internal/client/index.js
index 90f0f9baaccb..c094c9e04449 100644
--- a/packages/svelte/src/internal/client/index.js
+++ b/packages/svelte/src/internal/client/index.js
@@ -98,7 +98,11 @@ export {
 	props_id,
 	with_script
 } from './dom/template.js';
-export { save, track_reactivity_loss } from './reactivity/async.js';
+export {
+	for_await_track_reactivity_loss,
+	save,
+	track_reactivity_loss
+} from './reactivity/async.js';
 export { flushSync as flush, suspend } from './reactivity/batch.js';
 export {
 	async_derived,
diff --git a/packages/svelte/src/internal/client/reactivity/async.js b/packages/svelte/src/internal/client/reactivity/async.js
index c200f10dba8f..2b133e5f4492 100644
--- a/packages/svelte/src/internal/client/reactivity/async.js
+++ b/packages/svelte/src/internal/client/reactivity/async.js
@@ -119,6 +119,51 @@ export async function track_reactivity_loss(promise) {
 	};
 }
 
+/**
+ * Used in `for await` loops in DEV, so
+ * that we can emit `await_reactivity_loss` warnings
+ * after each `async_iterator` result resolves and
+ * after the `async_iterator` return resolves (if it runs)
+ * @template T
+ * @template TReturn
+ * @param {Iterable<T> | AsyncIterable<T>} iterable
+ * @returns {AsyncGenerator<T, TReturn | undefined>}
+ */
+export async function* for_await_track_reactivity_loss(iterable) {
+	// This is based on the algorithms described in ECMA-262:
+	// ForIn/OfBodyEvaluation
+	// https://tc39.es/ecma262/multipage/ecmascript-language-statements-and-declarations.html#sec-runtime-semantics-forin-div-ofbodyevaluation-lhs-stmt-iterator-lhskind-labelset
+	// AsyncIteratorClose
+	// https://tc39.es/ecma262/multipage/abstract-operations.html#sec-asynciteratorclose
+
+	/** @type {AsyncIterator<T, TReturn>} */
+	// @ts-ignore
+	const iterator = iterable[Symbol.asyncIterator]?.() ?? iterable[Symbol.iterator]?.();
+
+	if (iterator === undefined) {
+		throw new TypeError('value is not async iterable');
+	}
+
+	/** Whether the completion of the iterator was "normal", meaning it wasn't ended via `break` or a similar method */
+	let normal_completion = false;
+	try {
+		while (true) {
+			const { done, value } = (await track_reactivity_loss(iterator.next()))();
+			if (done) {
+				normal_completion = true;
+				break;
+			}
+			yield value;
+		}
+	} finally {
+		// If the iterator had a normal completion and `return` is defined on the iterator, call it and return the value
+		if (normal_completion && iterator.return !== undefined) {
+			// eslint-disable-next-line no-unsafe-finally
+			return /** @type {TReturn} */ ((await track_reactivity_loss(iterator.return()))().value);
+		}
+	}
+}
+
 export function unset_context() {
 	set_active_effect(null);
 	set_active_reaction(null);
diff --git a/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/_config.js b/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/_config.js
new file mode 100644
index 000000000000..bde65a499f3b
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/_config.js
@@ -0,0 +1,24 @@
+import { tick } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	compileOptions: {
+		dev: true
+	},
+
+	html: `<button>a</button><button>b</button><p>pending</p>`,
+
+	async test({ assert, target, warnings }) {
+		await tick();
+		assert.htmlEqual(target.innerHTML, '<button>a</button><button>b</button><h1>3</h1>');
+
+		assert.equal(
+			warnings[0],
+			'Detected reactivity loss when reading `values[1]`. This happens when state is read in an async function after an earlier `await`'
+		);
+
+		assert.equal(warnings[1].name, 'TracedAtError');
+
+		assert.equal(warnings.length, 2);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/main.svelte b/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/main.svelte
new file mode 100644
index 000000000000..92a6ec18bcb2
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-reactivity-loss-for-await/main.svelte
@@ -0,0 +1,24 @@
+<script>
+	let values = $state([1, 2]);
+
+	async function get_total() {
+		let total = 0;
+
+		for await (const n of values) {
+			total += n;
+		}
+
+		return total;
+	}
+</script>
+
+<button onclick={() => values[0]++}>a</button>
+<button onclick={() => values[1]++}>b</button>
+
+<svelte:boundary>
+	<h1>{await get_total()}</h1>
+
+	{#snippet pending()}
+		<p>pending</p>
+	{/snippet}
+</svelte:boundary>