{"id":71892,"date":"2026-09-17T04:38:24","date_gmt":"2026-09-17T08:38:24","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-turkey-tightens-grip-on-funds-while-india-hits-treasury-records\/71892\/"},"modified":"2026-09-17T04:38:24","modified_gmt":"2026-09-17T08:38:24","slug":"global-markets-turkey-tightens-grip-on-funds-while-india-hits-treasury-records","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-turkey-tightens-grip-on-funds-while-india-hits-treasury-records\/71892\/","title":{"rendered":"Global Markets: Turkey Tightens Grip on Funds While India Hits Treasury Records"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Turkey\u2019s market regulator approved the liquidation of six funds<\/strong> managed by <strong>Golden Global Portfoy<\/strong> following U.S. sanctions related to Iran, as a broader liquidity crunch hits the <strong>Borsa Istanbul<\/strong>.<\/li>\n<li><strong>Germany&#39;s IMK Institute more than doubled its 2026 GDP growth forecast to 1.3%<\/strong>, citing a surge in exports and increased government spending on infrastructure and defense.<\/li>\n<li><strong>India\u2019s US Treasury holdings reached a record $15.2 billion in monthly purchases<\/strong>, driven by a massive <strong>$136 billion<\/strong> inflow of dollars attracted by <strong>Reserve Bank of India (RBI)<\/strong> swap facilities.<\/li>\n<li><strong>A Russian drone attack on a Tanzania-flagged vessel<\/strong> bound for Ukraine killed the ship&#39;s captain and injured three others, marking a significant escalation in Black Sea maritime risks.<\/li>\n<\/ul>\n<h2>Turkish Markets Face Regulatory Crackdown and Liquidity Crunch<\/h2>\n<p>Turkey&#39;s <strong>Capital Markets Board (CMB)<\/strong> has moved to close and liquidate six investment funds managed by <strong>Golden Global Portfoy<\/strong>. This decision follows the imposition of U.S. sanctions against <strong>Golden Global Yatirim Bankasi<\/strong> for activities linked to Iran. The <strong>Savings Deposit Insurance Fund<\/strong> has since assumed control of a <strong>99.98%<\/strong> stake in the bank, effectively placing it under state management.<\/p>\n<p>The regulatory action comes as the <strong>BIST 100<\/strong> index experiences severe volatility, dropping over <strong>5.5%<\/strong> in a single session this week. Retail investors reportedly withdrew approximately <strong>$1 billion<\/strong> from local funds in one day, triggering a liquidity mismatch. Two prominent asset managers, <strong>Pusula Portf\u00f6y<\/strong> and <strong>Tera Portf\u00f6y<\/strong>, reportedly defaulted on redemption requests totaling billions of lira as they struggled to unwind illiquid positions.<\/p>\n<h2>Germany Upgrades Economic Outlook Amid Export Surge<\/h2>\n<p>The <strong>Macroeconomic Policy Institute (IMK)<\/strong> has significantly revised its economic outlook for Germany, raising its <strong>2026 GDP growth forecast to 1.3%<\/strong> from a previous estimate of <strong>0.6%<\/strong>. The institute also increased its <strong>2027<\/strong> growth projection to <strong>1.4%<\/strong>. Analysts attribute the upgrade to stronger-than-expected export performance in the first half of the year and a robust increase in public investment.<\/p>\n<p>Government spending on <strong>defense and infrastructure<\/strong> is providing a critical tailwind for the Eurozone&#39;s largest economy. While other institutes like <strong>ifo<\/strong> have also raised their forecasts, the IMK&#39;s aggressive revision suggests a more optimistic view of Germany&#39;s industrial recovery. However, risks remain, particularly regarding energy prices and global trade tensions.<\/p>\n<h2>India\u2019s Dollar Inflows Drive Record US Treasury Purchases<\/h2>\n<p>India has emerged as a major buyer of <strong>US Treasury<\/strong> securities, with net purchases hitting a record <strong>$15.2 billion<\/strong> in a single month. This surge is the direct result of the <strong>Reserve Bank of India&#39;s (RBI)<\/strong> strategic efforts to bolster foreign exchange reserves. As of early September, India&#39;s total forex reserves climbed to a lifetime high of <strong>$785.7 billion<\/strong>, a massive jump from previous levels.<\/p>\n<p>The influx was largely driven by the <strong>RBI&#39;s<\/strong> special dollar-rupee swap facilities and <strong>FCNR(B)<\/strong> deposit schemes, which have attracted an estimated <strong>$136 billion<\/strong> since June. While this provides a substantial cushion for the Indian Rupee (<a href=\"\/stock\/INR\">INR<\/a>), it has created a &quot;liquidity problem&quot; for the central bank. The <strong>RBI<\/strong> is now conducting sell-buy swaps to absorb the excess rupee liquidity generated by these massive dollar inflows.<\/p>\n<h2>Maritime Risks Escalate Following Black Sea Drone Strike<\/h2>\n<p>Tensions in the Black Sea reached a new peak on Thursday after a <strong>Russian drone attack<\/strong> targeted a <strong>Tanzania-flagged<\/strong> merchant vessel. According to Ukraine&#39;s Infrastructure Ministry, the strike killed the vessel&#39;s captain and left three crew members injured. The ship was reportedly en route to a Ukrainian port to facilitate grain exports when it was hit.<\/p>\n<p>Ukrainian officials have called for an &quot;appropriate response&quot; from the international community, labeling the incident a deliberate strike on civilian shipping and global food security. The <strong>Russian Defense Ministry<\/strong> claimed its drones targeted cargo ships allegedly used for military purposes, a claim Ukraine denies. This attack further complicates the safety of the maritime corridor used for agricultural exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Turkey\u2019s market regulator approved the liquidation of six funds managed by Golden Global Portfoy following U.S. sanctions related 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