Yunus Taşlı 
Istanbul Stock Exchange BIST100 index had a circuit breaker following high drops in recent hours. So, what is the reason for this drop?
For the past few months, along with the public offering frenzy, the Istanbul Stock Exchange BIST 100 index, followed by everyone from seven to seventy, halted transactions today in the evening hours by running a circuit breaker in succession. Firstly, the circuit breaker kicked in after a 5% drop, and with the reopening of the transactions, it intervened for the second time with a 7% drop.
You might like: FTX Trying to Reactivate!
What is the Reason for the Drop in Istanbul Stock Exchange BIST 100 Index?
As we know, after the October 7 attacks, the world’s attention shifted to the Middle East. Firstly, after the attacks by Hamas, heavy responses from Israel and particularly in the midst of the Russia-Ukraine conflict, the presence of Iran, which could be involved in the Israel-Palestine war, is keeping the world agenda busy.
Increasing war threats and Third World War rumors create pressure and fear in the economies and stock markets of many countries, particularly Israel, while it is a matter of curiosity how the crisis in the region will reflect on Turkey.
Since the events began on October 7, Turkey, despite pursuing a relatively balanced policy, today President Erdogan made a reaction with his speech on Israel and Hamas and the cessation of energy and oil agreements with Israel, and the stock market gave its first response to the agenda.
Interest Rate Decision Tomorrow!
It’s not clear what will happen in the next process, but the country and world general agenda seem to continue to affect the stock market. An important news for the stock market is dependent on what the interest rate decision will be tomorrow.
In the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.