21.05.2026 23:10
With the cancellation of the CHP congress and the issuance of a nullity decision, Borsa Istanbul reacted immediately. The index lost up to 6 percent, triggering the circuit breaker system and temporarily halting trading. The Financial Stability Committee decided to convene under the chairmanship of Treasury and Finance Minister Mehmet Şimşek.
The Ankara Regional Court of Justice's decision of "absolute nullity" for CHP's 38th Ordinary Congress caused a sharp fluctuation in financial markets. Losses in the Borsa Istanbul index reached 6 percent. Due to the sudden market drop, the Index-Based Circuit Breaker System was triggered, temporarily halting trading.
FINANCIAL STABILITY COMMITTEE TO CONVENE
Following this market volatility, the economic management took action. The Ministry of Treasury and Finance announced that the Financial Stability Committee would convene urgently on Friday morning to maintain financial stability and reduce market volatility.
The ministry's statement included the following expressions: "The meeting is planned to evaluate the impacts of current developments in financial markets on the economy, as well as the steps taken and that can be taken to sustain efficient, healthy, and uninterrupted market functioning."