Borsa Istanbul Opens in the Negative Territory

The BIST 100 index in Borsa Istanbul started the day with a 0.83% decrease at 9,399 points.
The selling pressure in global markets is also impacting Borsa Istanbul. At the opening, the BIST 100 index decreased by 78.41 points and 0.83% to 9,398.73 points compared to the previous close. The banking index lost 1.06%, while the holding index lost 0.53%. Among the sector indices, the only gainer was the securities investment partnership with 0.77%, while the largest loser was the metal main industry with 1.10%. In the domestic market yesterday, the BIST 100 index, which followed a buying-oriented trend, closed the day at 9,477.14 points with a 0.74% gain. In global markets, uncertainties increased about the course of economic tensions between the US and China after the US administration’s latest customs duty move towards China. The news flow regarding tariffs and the Federal Open Market Committee (FOMC) meeting minutes to be announced by the Federal Reserve (Fed) today are in focus for investors. Analysts noted that the data agenda is calm domestically today, while wholesale inventory data in the US will be monitored alongside the Fed meeting minutes. From a technical perspective, the BIST 100 index is currently positioned with 9,500 and 9,600 points as resistance levels, and 9,400 and 9,300 levels as support levels.