Turkish Markets Plunge: Court Ruling Against Opposition Triggers Circuit Breaker, ETF Down 9.7%
feedReported by Reuters
Sentiment
Negative
Importance
8
Price
$36.59
Mkt Cap
0
52W Low
$29.64
52W High
$43.98
Market data snapshot near publication time
summarizeSummary
Turkey's stock market experienced a significant sell-off, with the BIST 100 index falling 6% and triggering a market-wide circuit breaker, while sovereign bonds also dropped. This market turmoil follows a court decision to annul the 2023 congress of the main opposition Republican People's Party. The U.S.-traded iShares MSCI Turkey ETF (TUR) is down 9.7% in response to the increased political uncertainty and market instability.
At the time of this announcement, TUR was trading at $36.59 on NASDAQ in the Finance sector. The 52-week trading range was $29.64 to $43.98. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.
show_chartPrice Chart
feed TUR - Latest Insights
TUR
May 21, 2026, 11:04 AM EDT