The decision followed a deep sell-off in the aftermath of devastating earthquakes in the south of the country Türkiye’s stock exchange announced on Wednesday it was suspending trading of equities for the first time in 24 years, following a market rout triggered by two massive earthquakes. The benchmark Borsa Istanbul 100 Index (BIST 100) was suspended after a 7.09% drop at the start of trading. The index, which entered bear-market territory on Tuesday, is headed for its worst weekly performance since the 2008 global financial crisis. Meanwhile, the banking sub-index (.XBANK) declined 6.03% as trading was halted. “
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