Turkey ETF Retreats on Resignation of Key Central Bank Official
This article was originally published on ETFTrends.com.
Amid the broader sell-off in the emerging markets on Thursday, Turkey’s lira currency and country-specific exchange traded fund plunged following a report of the potential resignation of a deputy governor at the central bank. The iShares MSCI Turkey ETF (NasdaqGM: TUR) was down 3.8% Thursday. TUR plummeted 50.8% year-to-date. Meanwhile, the lira currency depreciated 2.7% [...]