The Turkish stock market was closed twice on Friday after a devastating crash, as the country faces snowballing inflation and a floundering economy.
The Istanbul Stock Exchange (Borsa) halted trading of equities, equity derivatives, and debt repo transactions on Friday at two separate times as the country’s economic crisis reached a new level of alarm. The first instance occurred on Friday afternoon, after the exchange found itself down by as much as 7 percent. At 5:24 p.m. local time, trading resumed but was halted again when the Borsa Istanbul 100 index fell by 9.1 percent after just two minutes of operation.
