While all sector indices lost, the one that declined the most was financial leasing factoring with 8.67 percent.
Global markets started the week with historic bearish pressure after recession concerns in the US gained momentum.
Rising recession concerns in the US led to a historic decline in Asian markets, with declines exceeding 12.4 percent in Japanese stock markets and 8.5 percent in South Korea.
While it is almost certain that the US Federal Reserve (Fed) will cut interest rates by 50 basis points next month, analysts say there is a possibility that the bank may hold an emergency meeting to calm concerns in the markets.
On the other hand, since the losses in the BIST 100 index exceeded 5 and 7 percent at the opening, the index-related circuit breaker was activated twice.
Analysts stated that tomorrow, domestic real effective exchange rate and monthly price developments report, factory orders in Germany, retail sales in the Eurozone and foreign trade balance in the US will be monitored abroad, and stated that technically, 9,850 and 9,800 points are support in the BIST 100 index, while 10,000 and 10,100 points are resistance.
Source: www.dunya.com
