Turkey’s Halkbank shares fall 7% following U.S. charges

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ISTANBUL – Shares of Turkey’s state-owned Halkbank (HALKB.IS) fell more than 7% at the opening of trade on Wednesday after U.S. prosecutors charged the bank with taking part in a scheme to evade U.S. sanctions on Iran.

In early trade, the banking index .XBANK dropped 3.21%, and the main share index BIST100 .XU100 was down 1.93%. Turkish authorities banned short selling of seven large banks’ stocks on Wednesday following the U.S. charges against Halkbank.

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