By Tuba Ongun
Türkiye's benchmark stock index opened Wednesday at 9,923.44 points, a slight rise of 0.07% or 6.55 points from the previous close.
On Tuesday, Borsa Istanbul's BIST 100 index gained 0.82% to close at 9,916.89 points, with a daily transaction volume of 108.2 billion Turkish liras ($2.98 billion)
The USD/TRY exchange rate was 36.3006 as of 9.54 am (0654GMT), the EUR/TRY rate stood at 37.9585, and the GBP/TRY traded at 45.8224.
The gold was traded around $2,940 per ounce on Wednesday, slightly below the record high set last week as the persistent demand for safe-haven assets was driven by mounting concerns over US tariffs and global economic uncertainties.
On Tuesday evening, US President Donald Trump revealed plans to implement a 25% tariff on automobiles, as well as higher additional duties on pharmaceuticals and semiconductor imports, further intensifying trade tensions.
He indicated that the tariffs on foreign cars could take effect as early as April, while the tariffs on drugs and chips will be postponed to allow companies sufficient time to relocate operations within the US.
Trump has already introduced 25% tariffs on steel and aluminum imports, set to take effect next month, along with an additional 10% levy targeting China. However, plans for new 25% tariffs on Canada and Mexico were postponed following last-minute agreements reached with its North American neighbors earlier this month.
The price of Brent crude oil was at $76.08 per barrel as of 9.54 am (0650GMT).