In Borsa Istanbul, the BIST 100 index increased by 188.45 points compared to the previous close, while the total transaction volume reached a record level of 174.9 billion liras.

The banking index gained 8.70 percent and the holding index gained 2.23 percent. Among the sector indices, financial leasing and factoring had the highest gains with 9.36 percent, while informatics was the most declining with 2.12 percent.

Global markets are trending negative with concerns about the banking sector in the USA and deflation in the Chinese economy.

Uncertainties regarding monetary policy and the resurgence of the possibility of recession negatively affect the risk appetite of investors.

In China, the Producer Price Index decreased by 4.4 percent and the Consumer Price Index (CPI) decreased by 0.3 percent in July. The announced data revealed that both PPI and CPI declined simultaneously for the first time since 2020.

Analysts stated that, together with the data announced in China, both the decline in global demand and the ongoing deflationary process in the country increased the concerns about the economic activity of the country.

Analysts stated that tomorrow, industrial production in the country, inflation and weekly unemployment applications in the USA, and the Producer Price Index (PPI) data in Japan will be followed, technically, the resistance of the 7,650 and 7,750 levels in the BIST 100 index, the resistance of 7,500 points. He said he was in support.

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