Skip to content

Turkey Stock Rout Triggers Circuit Breakers Twice in an Hour

  • Trading halted as market plunges after reversing early gains
  • Lira extends slide to record low day after interest-rate cut
Bloomberg business news
Turkish Lira Depreciates, Breaches 17.00 Per U.S. Dollar
Updated on

Turkey halted trades on the Istanbul bourse as this year’s second biggest selloff for the market triggered circuit breakers while the lira extended its drop to a fresh record low.

Trading of equities, equity derivatives and debt repo transactions were automatically halted twice within an hour after the Borsa Istanbul 100 index fell as much as 7% on Friday.