Turkish Market Plunges
Turkey’s booming economy has been hit hard by political events. The Turkish benchmark index, the IMKB-100, had dropped nearly 10% in two days after protesters began demanding the resignation of the country’s Islamic-rooted government The Constitutional Court declared the recent election invalid, opening the way for early general elections. Turkey’s currency, the lira, slid against foreign currencies including the dollar.
Posted by on 05/01 at 12:32 PM