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[BUSINESS] · Türkiye · 10 sources

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Borsa İstanbul faces volatility amid geopolitical tensions and regulatory changes

Borsa İstanbul has experienced significant volatility across recent trading sessions. The BIST 100 index has fluctuated, seeing both intraday declines and modest openings, influenced by global geopolitical tensions in the Middle East and concerns regarding artificial intelligence investment costs.

In a notable regulatory development, the Turkish Grand National Assembly (TBMM) passed a law concerning the liquidation of certain investment funds. This regulation allows for seizure orders under specific conditions during investigations and empowers the Capital Markets Board (SPK) to determine losses and identify responsible parties, with findings reported to the Savings Deposit Insurance Fund (TMSF).

Market data indicates a substantial shift in total market value, with reports showing a decrease of approximately 6.1 trillion lira between April and mid-October. Meanwhile, individual stock performances vary; for instance, Bank of America clients were noted for significant net purchases in Aselsan, while other sectors like insurance and finance have faced selling pressure.

Entities

ASELSAN · Akfen İnşaat · Aselsan Elektronik · Bank of America · Borsa Istanbul · Borsa İstanbul · Capital Markets Board · Investco Holding · Savings Deposit Insurance Fund · Turkish Grand National Assembly