The BIST 100 index on the Borsa Istanbul fell by 1.37% in the first half of the day, dropping to 9,480.91 points. Moving with a downward trend in the first half of the day, the BIST 100 index decreased by 131.92 points and 1.37% to 9,480.91 points as of 13:00 compared to the previous close. The total trading volume was 34.7 billion Turkish lira. The banking index lost 2.15%, while the holding index lost 0.79%. Among sector indices, mining gained the most with 0.57%, while insurance lost the most with 3.57%. Global markets have been following a negative path as fears grow that trade wars could escalate further ahead of tariff decisions to be announced in the US next week. Focus has now shifted to the personal spending data to be released in the US today. Analysts have mentioned that the domestic data agenda is quiet in the afternoon, while in the US, personal consumption expenditures (PCE) and the University of Michigan consumer sentiment index will be monitored. From a technical perspective, they noted that 9,400 and 9,300 points are support levels for the BIST 100 index, with 9,600 and 9,700 levels acting as resistance.
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