The CHP's trusteeship decision is in the world press: From electoral authoritarianism to open dictatorship

The appointment of a trustee to the CHP's Istanbul Provincial Administration also garnered international media coverage. The Financial Times published a news report detailing the nullification of the CHP Istanbul Provincial Congress and the dismissal of provincial chairman Özgür Çelik.

Speaking to the newspaper, Howard Eissenstat, an expert at Stockholm University's Institute for Turkish Studies, said, "Turkish courts are issuing decisions that are moving the country faster from electoral authoritarianism to open dictatorship. There are elections, but the last vestiges of competitive politics are disappearing."

"These moves are part of Erdoğan's broader strategy to neutralize the main opposition party and weaken the opposition ahead of the upcoming presidential and parliamentary elections," Wolfango Piccoli, co-chairman of international consultancy Teneo, wrote in a note to clients.

The Financial Times reported that the possibility of former Chairman Kemal Kılıçdaroğlu returning to the party chairmanship is on the agenda.

BLOOMBERG: $9.2 BILLION EVAPORATES IN STOCK MARKET

Bloomberg wrote that the court decisions in question deeply affected not only politics but also the economy.

The report stated that after the decision was announced, the stock market lost $9.2 billion in one day, and the BIST 100 index closed the day with a 3.5 percent loss after a nearly 6 percent decline.

Bloomberg's report emphasized that political risks had shaken investor confidence, that the yield on Türkiye's two-year government bonds had risen sharply, and that August inflation had negatively impacted the markets.

Source: 10haber