According to people familiar with the matter, Turkey's sovereign wealth fund bought stocks on Thursday to provide support for the domestic stock market. This is the country's latest move to contain the chain shock caused by the collapse of the asset management industry. Sources, who did not wish to be named, said that Turkey's Wealth Fund purchased shares through in-market trading instruments under the state-owned brokerage firm Zilat Investment Management Company to boost Turkey's Istanbul 30 Index, which consists of the country's 30 largest listed companies. One of the sources said the fund will continue to intervene if the market experiences extreme fluctuations in the next few days.

According to people familiar with the matter, Turkey's sovereign wealth fund bought stocks on Thursday to provide support for the domestic stock market. This is the country's latest move to contain the chain shock caused by the collapse of the asset management industry. Sources, who did not wish to be named, said that Turkey's Wealth Fund purchased shares through in-market trading instruments under the state-owned brokerage firm Zilat Investment Management Company to boost Turkey's Istanbul 30 Index, which consists of the country's 30 largest listed companies. One of the sources said the fund will continue to intervene if the market experiences extreme fluctuations in the next few days.