BIST 100 Drops 1.21% Amid Chip Crisis Shadow, Risk Appetite Wanes

BIST 100 closed at 13,774.77 points, falling 1.21%, as the shadow of the chip industry downturn loomed over the market.

Market Crash in the Shadow of the Chip Crisis

The BIST 100 index dropped 169.10 points from the previous close, with a total trading volume of 180.4 billion lira. The banking index fell 1.08%, while the holding index lost 0.34%. The highest gain came from the transportation sector at 1.91%, and the largest loss was in the chemicals, oil, and plastics sector at 3.26%.

Global Pull‑Factors

The easing of tensions between the U.S. and Iran lowered oil prices and eased inflation concerns, while news of China’s progress in local chip‑equipment manufacturing led to selling pressure in technology stocks. This was one of the key drivers behind the BIST 100 decline.

Technical Turnaround and Support‑Resistance

Analysts noted that tomorrow’s domestic data agenda will be calm, while overseas, U.S. wholesale inventories, housing price index, Richmond Fed manufacturing index, and New York Fed consumer confidence index will be monitored. Technically, BIST 100 sees support at 13,700 and 13,600 points, and resistance at 13,900 and 14,000 points.

Shift in Investor Sentiment

The BIST 30 futures contract on VİOP finished at 16,067 points, down 1.14%. Open positions totaled 453,073. This indicates a decline in investor risk appetite.

Markets are losing risk appetite in the shadow of the global chip crisis. This dip forces investors to reassess market dynamics before focusing on dividend and buyback programs.