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Istanbul Market Slides 6% as Court Suspends CHP Leader

5/22/2026

50 9 Full Breakdown

Summary

Story summary

The decision caused a 6% drop in Istanbul’s stock market and a brief trading halt.
An Ankara appeals court suspended CHP leader Özgür Özel, removed him from leadership, and ordered him to pay 300,000 lira for calling President Recep Tayyip Erdogan an “oppressor.”
Human Rights Watch said the arrests of over 20 CHP mayors, including Istanbul mayor Ekrem Imamoglu, reflect use of the justice system against the opposition.

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Story summary

The decision caused a 6% drop in Istanbul’s stock market and a brief trading halt.
An Ankara appeals court suspended CHP leader Özgür Özel, removed him from leadership, and ordered him to pay 300,000 lira for calling President Recep Tayyip Erdogan an “oppressor.”
Human Rights Watch said the arrests of over 20 CHP mayors, including Istanbul mayor Ekrem Imamoglu, reflect use of the justice system against the opposition.