The BIST 100 index in Istanbul fell by 2.12% at Wednesday's close, with losses driven by the transport, non-metal mineral products, and printing sectors. Declining stocks significantly outnumbered advancing ones on the exchange.
Nocera Inc. stock fell after the company announced an agreement to acquire an equity stake in INERGX, an energy storage and power platform. The investment is part of Nocera's strategic pivot into a diversified technology holding company.
Options market data indicates a potential 4.4% swing for Morgan Stanley's stock price following the bank's quarterly earnings report scheduled for July 15. Historical data shows the stock's actual post-earnings movement has often surpassed the options-implied figures.
The price of Bitcoin fell on Wednesday following an escalation in tensions between the United States and Iran, which dampened investor appetite for risk assets. The decline coincided with remarks from U.S. President Donald Trump declaring a ceasefire agreement with Tehran was 'over.'
U.S. crude oil stockpiles increased by 3 million barrels last week, contrary to analyst predictions for a decrease, according to a report from the Energy Information Administration. Meanwhile, inventories of gasoline and distillates both fell.
Shares of insurance technology company Lemonade slid over 9% after Morgan Stanley lowered its rating on the stock, citing its rapid price appreciation over the past month. The move was reinforced by a maintained "Underperform" rating from Keefe, Bruyette & Woods.
Jeff Bezos's space company, Blue Origin, is reportedly seeking approximately $10 billion in its first external funding round, which would value the company at $130 billion.
A Chinese cybersecurity platform has issued a warning about a potential security risk in Anthropic's AI coding tool, Claude Code, alleging it can transmit sensitive user data without consent. Anthropic described the feature as an experimental anti-abuse mechanism.
U.S. stocks fell on Wednesday after President Donald Trump's remarks on an interim deal with Iran fueled geopolitical uncertainty and a surge in oil prices. Gains in some chipmaker stocks helped to limit losses on the Nasdaq.
