Coin Bureau|Sep 16, 2026 14:40
HUGE: 🇹🇷 Turkey’s stock market SANK 6%, triggering a market-wide trading HALT today.
The BIST 100, which tracks 100 major companies on Borsa Istanbul, plunged after fund manager Pusula said some funds could not meet investor withdrawal requests.
Amid PANIC, investors pulled 55 BILLION liras ($1.13 BILLION) from Turkish investment funds, per Bloomberg.
Analysts say managers likely SOLD easily traded stocks to meet withdrawals because other holdings were harder to sell, deepening the decline.
ALL but two BIST 100 stocks fell as fears spread over whether other funds could return investors’ money.
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