BIST 100 index in Borsa Istanbul lost 2,67 percent of its value and finished the day at 7.557,56 points.
While the BIST 100 index decreased by 207,39 points compared to the previous closing, the total transaction volume reached 64,3 billion lira.
The banking index lost 0,97 percent and the holding index lost 2,89 percent.
Among the sector indices, the only gainer was food and beverage with 0,27 percent, and the biggest decrease was transportation with 4,48 percent.
According to the data announced today, the core personal consumption expenditures price index, which excludes food and energy items that the US Federal Reserve (Fed) considers as an inflation indicator, increased by 0,1 percent on a monthly basis and 3,2 percent on an annual basis in the same period. The index recorded its slowest increase on an annual basis since April 2021.
Market expectations were for the core personal consumption expenditures price index to increase by 0,2 percent monthly and 3,3 percent annually. The index increased by 0,1 percent monthly and 3,4 percent annually in October.
Analysts stated that the slowdown in the core personal consumption expenditures price index, the Fed's inflation indicator, indicates a downward trend in inflation and strengthens expectations that the bank will begin to reduce interest rates next year.
Analysts stated that transaction volumes in global markets may decrease next week due to the effect of the Christmas holidays, and the data agenda includes real sector confidence index and capacity utilization rate, foreign trade balance, economic confidence index in the country, unemployment rate in Japan abroad, Chicago national activity index in the USA, Dallas Fed He said that manufacturing activity index, wholesale stocks, weekly unemployment applications, Richmond Fed industrial index and industrial profits in China will come to the fore.
Analysts noted that technically, 100 points in the BIST 7.500 index are support and 7.810 points are resistance.