Turkish banking index falls 7.4%, sharpest drop since May 21

The scale of a single-session drop in Turkey's banking index is the signal here: lenders are typically the most rate- and policy-sensitive corner of the market, so this move points to something macro or political rather than bank-specific. The item gives no driver, which is itself notable — moves this sharp usually get a stated cause, and the absence leaves the read incomplete. The open question is whether this is a one-day repricing or the start of sustained pressure on the sector.