Türkiye’s markets drop amid election stalemate ...News

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Türkiye’s markets drop amid election stalemate
source : Russia Today ( News ) () 71
Investors are nervous ahead of the runoff in the country’s presidential vote Türkiye’s markets plunged on Monday as investors braced for a runoff in the presidential election. Neither the country’s long-standing leader, Recep Tayyip Erdogan, nor his opponent, Kemal Kilicdaroglu, managed to win outright in the first round of voting. The benchmark stock index, the BIST 100, was down by as much as 6.7% during morning trading, triggering a market-wide circuit breaker, before recouping some of the losses later in the day. As of 14:10 GMT, the index was down 4.5%. The country’s main banking index, XBANK, also fell, losi

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