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 [...]

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