🔴 BET ETF (TVBETETF.RO) is trading 3.4% down as Romanian equities sell off

TVBETETF.RO is trading at RON 51.60 (-3.39%) amid broad selling across Romanian equities.

• The BET index fell 3.07% on September 16.
• Banca Transilvania, the BET’s largest component, weighted 19.17%, and BRD, weighted 6.48%, declined, amplifying pressure on the ETF.
• The selloff followed the Federal Reserve’s 25-basis-point rate hike, higher bond yields, and worsening global risk aversion.