ANKARA (AA) – Borsa Istanbul opened higher on Friday market open, rebounding after falling for four days in a row.
The BIST 100 index rose 0.37 percent to open at 77,091.31 points.
In the last four days, the index was on its heels due to the rising value of the U.S. dollar in global markets in anticipation of a rate hike by the U.S. Federal Reserve.
Turkish markets reacted positively to producer prices inflation figures from China, which suggests the end of industrial deflation in the second largest economy in the world.
The U.S. dollar/Turkish lira exchange rate, which was at 3.0957 by the time markets closed at 5.30 p.m. (1430GMT) Thursday, declined 0.1 percent to 3.0930 at the open at 9.30 a.m. (0630GMT) Friday.