Turkish Stock Exchange Opens Wednesday Slightly Lower

(MENAFN) Türkiye's benchmark equity index opened Wednesday with marginal losses, slipping 10.1 points to settle at 11,338.73 during morning trading amid ongoing currency volatility.

The BIST 100 index declined 0.09% at the opening bell, extending Tuesday's broader selloff when the benchmark tumbled 0.94% to close at 11,348.83 points. Daily trading volume reached 122.5 billion Turkish liras—equivalent to $2.86 billion—reflecting sustained investor activity despite the downturn.

Currency markets showed continued pressure on the Turkish lira as of 10 a.m. local time (0700 GMT). The national currency traded at 42.3565 against the US dollar, while weakening to 49.1110 per euro and 55.7150 against the British pound.

Commodity markets presented a mixed picture Wednesday morning. Gold surged to $4,091.95 per ounce, maintaining its appeal as investors sought safe-haven assets amid global economic uncertainty. Meanwhile, Brent crude oil—the international benchmark—traded at $59.60 per barrel, reflecting moderate energy market conditions.

The modest opening decline suggests investors remain cautious about Türkiye's economic trajectory as inflationary pressures and currency depreciation continue challenging the nation's financial markets.

Analysts will monitor whether the index stabilizes or extends losses as European and North American trading sessions commence later Wednesday.

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