The stock market started the day with a decline
While banking and holding indices also decreased, the transportation sector index recorded 2.10 percent.
Quick Look
- While the BIST 100 index lost 1.26 percent of its value and closed at 11,333.27 points, banking and holding indices also declined.
- The selling pressure in global markets, which started with US artificial intelligence investment restriction concerns, continues to affect the world with the expectation of non-agricultural employment data.
AI-generated summary
Why It Matters
A sales-oriented trend is observed in Borsa Istanbul. BIST 100 index lost 1.26 percent of its value and ended at 11,333.27 points. The banking index lost 1.09 percent and the holding index lost 1.12 percent. While all sector indices declined, the transportation sector lost the most.
BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday, ended the day at 11,333.27 points, losing 1.26 percent of its value.
The index dropped to 11,237.83 points at the opening today, with a decrease of 95.44 points and 0.84 percent compared to the previous closing. The banking index lost 1.09 percent and the holding index lost 1.12 percent.
While all sector indices decreased, the biggest loser was transportation with 2.10 percent.
While global markets followed a negative course as the selling pressure, led by the technology sector, spread throughout the world due to concerns that artificial intelligence investments in the USA may be restricted, all eyes are on the non-agricultural employment data to be announced in the USA today.
While the midterm election results in the USA continue to have an impact on asset prices, it is discussed that the Democrats, who gained the majority in the House of Representatives and the Senate, may implement regulations that could limit artificial intelligence investments in the country.
Concerns that the progress in artificial intelligence technologies, which has become one of the important driving forces of global economic growth in recent years, may slow down and existing investments may be disrupted, led to an acceleration of sales in the markets, led by technology stocks. The sales pressure that started in the USA soon spread throughout the world.
Analysts stated that an intense data agenda will be followed today, especially the treasury cash balance in the country and non-agricultural employment in the USA, as well as industrial production in Germany and retail sales in the Eurozone, and noted that technically, 11,200 and 11,100 points in the BIST 100 index are support, while 11,300 and 11,400 points are resistance.
What to Watch
AI outlook — possibilities, not facts
BIST 100 index may test the support levels of 11,200 and 11,100 points in the short term.
Likely · Within days
US non-farm payrolls data may trigger a new wave of selling or buying in the markets.
Possible · Within days
Open Questions
- When can regulations that restrict artificial intelligence investments in the USA be implemented?
- What impact can non-agricultural employment data have on the markets?
- Can BIST 100 index break the 11,200 point support level?

