Financial Times: Problem in fund sector caused sharp drop in BIST 100

Pro-government press Highlights the simultaneous measures taken by the Treasury, the Central Bank, the Capital Markets Board (SPK) and the banking regulator BDDK, as well as the Turkey Wealth Fund's role as a strong buyer on the stock exchange.

Opposition press Emphasizes the cost of the intervention: citing bankers' calculations, it reports that the Central Bank sold $5-5.2 billion in a single day and that a liquidation decision was made for a fund worth approximately 900 billion lira.

State media According to a statement reported by TRT Haber, Şimşek said the problem was limited to a small number of free funds stemming from credit and liquidity issues, that 131 out of 2,038 funds were affected, and that there was no systemic risk.

Opposition press Artı Gerçek wrote that the funds subject to the liquidation decision belong to approximately 550,000 investors and have a total size calculated at around $17 billion (826 billion lira).