Minister Şimşek: No Systemic Risk in Markets, Liquidation Process Will Not Pressure the Stock Exchange

Minister of Treasury and Finance Mehmet Şimşek made assessments regarding recent developments in the markets. Şimşek emphasized that these developments do not constitute a widespread crisis. Minister Şimşek stated that the situation stems from credit and liquidity problems in a limited number of funds, and that there is no systemic risk in the markets. Touching on the liquidation process, Şimşek said that this process will not be in a framework that would pressure the stock exchange. He also gave the message that investors' savings will be protected. Not investment advice.

📊 XU100 — Piyasa Yorumu

■ neutral · 55%

Minister Şimşek's statement that there is no systemic risk could provide some short-term confidence for the XU100, which has fallen 1.6% in the last 24 hours and remains weak with an RSI of 39.6. However, the MACD is in negative territory and below its signal line, and the price is trading below the SMA20 and SMA50; the technical outlook remains weak. Although the statement implies that the liquidation process will not pressure the stock market, the market may have already priced this in; the reaction could be limited. In the 1-3 day horizon, a sideways-volatile course, perhaps with slight rebound buying, can be expected, but additional confirmation is needed for a trend reversal. Therefore, I assess the direction as neutral.

RSI 14

39.6

MACD

-124.63

24h Δ

-1.61%

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