At Borsa Istanbul, the BIST 100 index opened the day with a 0.47% decrease, starting at 9,567.76 points.

At the opening, the BIST 100 index dropped to 9,567.76 points with a decrease of 45.07 points and 0.47% compared to the previous close.

While the banking index lost 0.80% in value, the holding index gained 0.02%.

Among sector indices, the highest gainer was the forestry paper printing with 0.61%, while the biggest loser was the chemical petroleum plastic with 2.39%.

In the domestic market, the BIST 100 index, which followed a selling-heavy course in Borsa Istanbul yesterday, ended the day with a 0.38% loss at 9,612.84 points.

Global markets were on a negative trend due to concerns that trade wars could intensify further ahead of tariff decisions to be announced in the US next week, with eyes turning to the personal consumption expenditures data to be released today in the US.

Moreover, the summary of the Monetary Policy Committee (MPC) meeting of the Central Bank of the Republic of Turkey on March 20 was published yesterday. The summary included the statement, “Proactive measures taken to reduce volatility in financial asset prices are intended to limit the upward risks on inflation outlook.”

Additionally, the summary mentioned that in case of a significant and lasting deterioration in inflation, the monetary policy stance would be tightened.

Analysts mentioned that today, the economic confidence index would be followed domestically, while in the US, personal consumption expenditures (PCE), the University of Michigan consumer confidence index, growth in the UK, and unemployment rate in Germany would be monitored. They also noted that technically, the support levels for the BIST 100 index are at 9,500 and 9,400 points, with resistance levels at 9,650 and 9,750 points.