BIST 100 index posts nearly 2% decline
Türkiye’s benchmark stock index was down 1.96% to 3,060.30 points at close on Wednesday.
The total market value of the BIST 100 was around 2.4 trillion Turkish liras ($133 billion), with a daily trading volume of 70.5 billion liras ($4 billion).
Gold eased to $1,753 per ounce amid worries about the US Federal Reserve’s aggressive monetary tightening.
Analysts are warning investors that prices could fall to last month’s lows of around $1,700 as the dollar continues to see significant upward momentum.
Brent crude oil was around $99.52 a barrel as of 6.40 p.m.local time (1640GMT), down 0.70%.
| Exchange Rates | Tuesday | Wednesday |
| USD/TRY | 18.1270 | 18.1550 |
| EUR/TRY | 18.1070 | 18.0610 |
| GBP/TRY | 21.5430 | 21.4420 |