Turkey’s Market Watchdog Defends Stock Curbs, High-Speed Trading
- Omer Gonul says rules are key to protecting retail investors
- Limitations have left domestic market dominated by locals
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Turkey’s top market regulator dismissed speculation that pandemic-era trading limits will be lifted, calling the measures vital for market stability.
Omer Gonul, chairman of the Capital Markets Board, said the curbs — which were tightened in 2020 to counter price swings — remain crucial for protecting retail investors from excessive risks. The most a stock can climb or fall in a daily session is currently set at 10% versus the previous day’s close.