Tension in Middle East affected global markets

Tension in the Middle East affected global markets badly. October 9, 2023, the week started with a negative course in global markets with the uneasiness caused by the conflicts between Israel and Hamas. Europe stock exchange starts the week with a sales-heavy course.

Noteworthy decision by Moscow Stock Exchange

A remarkable decision was taken at the Moscow Stock Exchange, which went through a painful period due to the war. Accordingly, it was reported that transactions in the derivatives market were stopped, and added that separate information will be provided when transactions resume.

Prisoner exchange process completed in Yemen

At least 900 prisoners were released as part of the prisoner exchange between the Yemeni government and the Houthis for three days. It was reported that 4 journalists sentenced to death by the Houthi rebels are among the released prisoners.

130 Ukrainians released in prisoner exchange

In the prisoner exchange between Russia and Ukraine, 130 Ukrainian soldiers were released by Russia.

Turkish president calls on citizens to convert gold holdings to lira

Recep Tayyip Erdogan encourages citizens to bring back to economy 5,000 tons of gold ‘kept under the mattress’

US terminates 5 exchange programs with China

Programs ended because China use them as propaganda tools, says State Dept.

USD/TRY exchange rate at two-week low

Turkish Lira gains value against foreign currencies, while Borsa Istanbul closes day with fall

Istanbul Gold Exchange is up

The Istanbul Gold Exchange (IAB) Index was up 0.68 percent in value on Tuesday as gold traded at 80,150 Turkish liras (TL) a kilo.