Sharp Fall in Borsa Istanbul

There was a sharp fall in Borsa Istanbul. BIST 100 index decreased by 3 percent in afternoon transactions.

There was a sharp fall in Borsa Istanbul. BIST 100 index, which started the day with a horizontal course in the middle of the week, declined by almost 3 percent with sales accelerating in the afternoon. The BIST 100 index, which fell under the leadership of the industry index, tested below 1,500 points. The index, which started on Wednesday with a horizontal motion, experienced a sharp decline of almost 3 percent in the afternoon, with the risk appetite in the international markets decreased. While the decline in the industrial index reached 4 percent, the decline in the banking index exceeded 2 percent.   The Impact of the Pandemic on the Economy In global markets, where the number of cases reached over 100 million in the coronavirus epidemic, supply problems in vaccination and ongoing concerns about the effects of the epidemic on the economy have put pressure on the risk appetite. In particular, the vaccine dispute between the European Union (EU) and Astrazeneca depressed the global markets. After the EU and AstraZeneca Plc could not agree on negotiations over delays in vaccine delivery, the Stoxx Europe 600 Index fell. The Euro declined after the European Central Bank announced that it has the tools to prevent further appreciation of the Euro. The depreciation of S&P 500 Index futures reached 1 percent. Shares of small capital companies led to this depreciation. On the other hand, Nasdaq 100 Index futures diverge positively after the strong sales figures announced by Microsoft Corp. The decisions to be announced by the Fed and later speeches by Fed Chairman Jerome Powell are on the agenda of the markets. Market actors think that the Fed is not expected to make a change in interest rates and that the emphasis on inflation and employment will be maintained in verbal guidance.