Borsa Istanbul AS announced that it has decided to stop the transactions.
In the morning, the BIST 100 index started the day with a decrease, then the transactions were temporarily stopped.
Afterwards, it was decided to completely stop the transactions in the Stock Exchange.
Decision Published at KAP
Borsa İstanbul’s announcement regarding the suspension of transactions was published on the Public Disclosure Platform (KAP).
In the statement, “It has been decided to stop the transactions in the Equity Market and Futures and Options Market equity and equity index derivative markets.” statements were included.
Fed Chairman’s Statements That Will Increase Interest Rates Affected the Markets
Analysts said that the US Federal Reserve’s (Fed) Chairman Jerome Powell‘s lack of a hawkish tone in the global equity markets increased the risk appetite in his statements yesterday.
In addition, the earthquake in Turkey changed the direction of the investor.
Circuit Break was Activated
Today, Index-Linked Circuit Breaker System operated at 10.12.01 and 10.42.31 hours, respectively, after the decline in the BIST 100 index exceeded the 5 percent and 7 percent limits.
This system was put in place to prevent the investor from incurring any loss.
After the Index Connected Circuit Breaker System started operating for the second time, the transactions were completely stopped with the announcement made by Borsa İstanbul AŞ.