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BIST 100 Index Declines Sharply in Early Trading

The BIST 100 index, a benchmark of the Turkish stock market, has plummeted in early trading today, dropping over 5% and reaching its lowest level in over a month. The decline is primarily attributed to concerns over the economic fallout of the recent earthquakes in the country.

Traders are closely monitoring the situation and expressing caution in the market. The index opened with a significant gap down and has continued to fall throughout the morning session. Heavy selling pressure has been observed across multiple sectors, including banking, energy, and construction.

The earthquakes have caused widespread damage and disruption across southern Turkey, leading to concerns about the overall health of the economy. The Turkish government has declared a state of emergency and is currently mobilizing resources to provide aid and support to affected areas.

Investors are also jittery about the potential impact of the earthquakes on the country's already struggling economy. Turkey was already facing significant inflation and economic challenges, and the earthquakes could further exacerbate these problems.

Analysts are closely watching the situation and are providing updates on the market movements. The BIST 100 index is expected to remain volatile in the coming days as investors continue to assess the impact of the earthquakes and the government's response.