Turkish Stocks Sink
Turkish benchmark BIST 100 index traded below the 11,500 level in late October 2026, hovering near its year-to-date lows, while average daily trading volume fell by around 30% year-on-year over the past month amid turmoil in the investment fund industry. Last month, regulators ordered the liquidation of 131 funds managed by seven asset managers after warnings that some might be unable to meet redemption requests. The funds had amassed more than $20 billion in assets in just three years, attracting nearly half a million investors seeking outsized returns to offset the lira’s depreciation and persistently high inflation. In September, the benchmark stock index plunged around 16%, marking its steepest monthly decline since 2008.
Turkish benchmark BIST 100 index traded below the 11,500 level in late October 2026, hovering near its year-to-date lows, while average daily trading volume fell by around 30% year-on-year over the past month amid turmoil in the investment fund industry. Last month, regulators ordered the liquidation of 131 funds managed by seven asset managers after warnings that some might be unable to meet redemption requests. The funds had amassed more than $20 billion in assets in just three years, attracting nearly half a million investors seeking outsized returns to offset the lira’s depreciation and persistently high inflation.
In September, the benchmark stock index plunged around 16%, marking its steepest monthly decline since 2008.