Country: TR | Published: 2026-09-18
Turkish markets opened lower on Friday as the fund liquidation saga deepened, with authorities mandating major banks to wind down billions in fund assets and the lira sliding to a
Turkish markets opened lower on Friday as the fund liquidation saga deepened, with authorities mandating major banks to wind down billions in fund assets and the lira sliding to a fresh record low against the dollar. The equity rebound narrative from earlier in the week is giving way to renewed pressure, as forced liquidations and currency weakness test the liquidity backstops officials have leaned on. Confidence in the fund system remains the central open question, and price action suggests it has yet to be answered.