🇹🇷 Do not ignore what's happening in Turkey. Turkey's bear market is getting DEEPER, just five months after stocks hit a RECORD high in May. The BIST 100 closed Friday at 11,116.99, down 27% from its record high of 15,204.92. It has fallen nearly 20% since the fund crisis hit in mid-September. Bank stocks are down 28% from their February high. The crisis erupted when investment funds said they couldn't meet redemption payments, and the index plunged nearly 6% in a single session, triggering a market-wide circuit breaker. The regulator then ordered 131 funds liquidated, holding more than 890 BILLION lira, about $18 BILLION. Nearly half a million investors were caught up in it. Finance Minister Mehmet Şimşek has said market manipulation was carried out through certain funds, per Reuters. Two banks were appointed to sell the funds' assets and pay investors out. Last Monday, Capital Markets Board chair Mahmut Sütcü resigned, citing health problems. Hours later, a presidential decree signed by Erdoğan formally removed him from office. Turkish stocks are now below where they started 2026, wiping out the entire rally.