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Turkey intervenes to support the financial markets following a liquidity crisis, facing difficulties among several investment funds in meeting investors' withdrawal requests. This led to a more than 5% decline in the Istanbul Stock Exchange Index before partially recovering with a 2.6% increase in the next session. The Central Bank took measures, including raising liquidity for "repo" operations to $7.21 billion and increasing banks' borrowing limits in the interbank market, aiming to strengthen the lira's liquidity. Additionally, the Capital Markets Authority ordered the winding up of investment funds worth $21.4 billion and temporarily granted banks flexibility in capital calculation to ensure market stability. However, risks remain present in a specific segment of the Turkish financial sector.
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