BIST 100 index in Borsa Istanbul lost 0.74 percent in the first half of the day and fell to 9,947.63 points.
BIST 100 index, which was in a downward trend in the first half of the day, decreased by 74.17 points compared to the previous close as of 13:00 and fell to 9,947.63 points. Total transaction volume was 31.6 billion liras.
The banking index lost 0.49 percent and the holding index lost 0.43 percent.
Among the sector indices, the one that gained the most was tourism with 0.86 percent, while the one that fell the most was construction with 1.81 percent.
While selling pressure deepened in global markets yesterday as macroeconomic data released in the US revived recession fears, data from the employment report to be released on Friday continues to remain in investors’ focus.
Although it is almost certain that the tight monetary policy stance of the US Federal Reserve (Fed) will begin to ease as of this month, concerns that the US economy may cool down faster than expected have caused the risk perception to rise significantly.
Analysts stated that today, an intensive data agenda will be followed, primarily the real effective exchange rate in the country, the foreign trade balance in the USA, the JOLTS job openings and the Fed’s Beige Book Report, and noted that from a technical perspective, the 9,800 and 9,600 point levels in the BIST 100 index are support, while the 10,000 and 10,100 levels are resistance.
