US Election Results Are Being Announced

US Election Results Are Being Announced While the election results are being announced in the US, BIST started with an increase to 100 days. The results announced after the Presidential election held yesterday had an impact on the pricing of Turkish Lira assets. The United States is in the most important political race of the last period. As the country voted to elect its new president on November 3rd, results began to come slowly. The elections in the country caused many asset classes to follow a mixed course in global markets and also had an effect on the pricing of Turkish Lira assets. On November 3, the Turkish lira reached the lowest level in its history against the dollar. Turkish lira assets fluctuated on the 4th of November, when the US election results continued to be announced.   BIST 100 Started the Day with an Increase The BIST 100 index at Borsa Istanbul started the day with a limited increase after the US elections. The BIST 100 index started the day with 1.155 points, gaining 0.41 percent. On the new day, banking shares declined by 0.1 percent. Halkbank stocks, on the other hand, saw a 2.66 percent premium at the opening Wednesday.   Dollar/TL Gained 1 Percent Value While the results of the elections held yesterday in the USA continued to come, the US Dollar / TL rate started to move positively. USD / TL increased by more than 1 percent and reached the level of 8.52.   TL Rises with Trump's Gap Close When the first results began to be announced, the Democratic candidate Joe Biden's superiority was pointed out, while the latest results from critical states showed that the current president Donald Trump is catching up. With Trump closing the gap, the dollar / TL exchange rate, which tested the 8.46 level in the early hours, saw below 8.42. With Trump closing the gap, pricing has also reversed in US futures. Positive pricing was observed following the new results in futures, which depreciated in the early hours.   USD/TL Rate Rises with First Transactions in Asia With the results for the elections in the USA started, the dollar / TL started the day with gains in the global markets. In the first transactions in Asian markets, USD / TL tested the level of 8.46. After the first results, the Bloomberg dollar index also increased by 1 percent. On November 3, when the elections were held, USD / TL reached its all-time high with 8.5434, and then fell rapidly and fell below 8.40.