Istanbul bourse issues market-wide circuit breaker after opening fall

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Turkey’s Borsa Istanbul issued a market-wide circuit breaker after the benchmark index dropped 5 percent within minutes of opening, continuing losses after a devastating earthquake in the south of the country. | Reuters

Turkey’s Borsa Istanbul issued a market-wide circuit breaker after the benchmark index dropped 5 percent within minutes of opening on Wednesday, continuing losses after a devastating earthquake in the south of the country on Monday.

The benchmark BIST-100 index opened down 0.52 percent and slid rapidly to be 5 percent lower, issuing the market-wide circuit breaker at 0712 GMT. Pre-market trading started at 0655 GMT.The death toll of Monday’s earthquakes in Turkey rose to 6,234 by Wednesday morning, the Disaster Management Authority said.

 

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