The Turkish stock market has been identified as the worst performer globally, with the Borsa Istanbul 100 index experiencing a significant decline. By the end of August, the index had dropped by 8.2%, marking the largest decrease among major global indices. This downturn is attributed to a combination of economic instability and heightened political risks within the country.
Despite a 24% increase over the past year, recent weeks have seen a reversal in fortunes. The industrial sector, in particular, has been hit hard, with a 4.8% decline over the last seven days. In contrast, the financial sector has shown resilience, gaining 3.4% in the same period. Analysts suggest that the market’s future performance will heavily depend on upcoming economic policies and geopolitical developments.
Investors are advised to remain cautious, as market volatility is expected to continue. The current situation underscores the importance of monitoring economic indicators and staying informed about potential risks. The Turkish stock market’s recent performance highlights the challenges faced by emerging markets in a complex global economic landscape.