32 Days
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اقتصاد سكاي نيوز عربية
Turkish stocks decline amid fund setbacks
The collapse of two funds operated by Tera Investment Portfolio Management Company (with a total value estimated at 366 billion Turkish Lira, approximately $7.5 billion) caused significant disruptions in the Turkish stock markets. The funds were unable to meet investors’ redemption requests, leading to a widespread sell-off. This follows the failure of funds from Bousola Company and new regulatory measures imposed by the Turkish Capital Markets Board, which further increased pressure on the sector. The repercussions extended to restrictions on redemption operations for other companies such as Atlas, and reports emerged of the Istanbul Stock Exchange index dropping as much as 7.7% before reducing its losses to 5.5%, amid concerns that the crisis could escalate and impact the Turkish financial markets.
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