Turkey ETF Plunges in Response to Erdogan’s Iron Grip on Economy
This article was originally published on ETFTrends.com.
The sell-off in Turkish markets and country-specific ETF continued Tuesday as the lira currency depreciated on rising concerns over President Recep Tayyip Erdogan’s executive powers. The iShares MSCI Turkey ETF (NASDAQ: TUR) declined 3.1% Tuesday after falling off 3.3% Monday, which have more or less erased the gains accumulated since mid-June. Dragging on the Turkish [...]