BIST 100 Drops 61 Points: Oil Prices and AI Concerns Weigh on Markets

Borsa İstanbul closed down 61.18 points, following a negative trend in parallel with global markets. Brent oil prices surged above $100 due to risks related to shipments through the Hormuz and Bab el-Mandeb straits. TCMB kept the one-week repo rate at 37%. The mining sector gained 4.47%, while telecom lost 5.35%. Analysts expect financial stability indices and global PMI data to be closely watched tomorrow.

Global concerns over AI spending and geopolitical risks are creating a notable market sentiment. BIST 100 remains at key support levels of 14,000 and 13,900 points, with resistance at 14,200 and 14,300.