Borsa Istanbul Closes Higher as Geopolitical Tensions Ease and Tech Sector Gains Momentum

Borsa Istanbul closed the day with a gain of 215.75 points, while the total trading volume reached 185.4 billion lira. The tourism sector index led gains with a 4.32% increase, whereas the banking index declined by 1.07%. The holding sector index rose by 1.78%. Global market optimism was buoyed by a partial easing of geopolitical tensions in the Middle East and positive expectations for the semiconductor industry. Analysts noted technical resistance levels at 14,400 and 14,500 points and support at 14,200 and 14,100 points for the BIST 100. Upcoming economic data includes Turkey's current account balance, Fitch Ratings' anticipated sovereign assessment, and U.S. Federal Reserve Chair Kevin Warsh's testimony before Congress on inflation and retail sales. Economists project a current account deficit of $1.1275 billion for May and $52.255 billion for the full year. The semiconductor sector's outlook and geopolitical stability remain key drivers for risk appetite in emerging markets.