Turkey Stock Market, Currency Plunge On Protest Fears
Pricing in potential instability
The political violence in Turkey has seriously unsettled investors, creating worries about the effect it could have on the economy .
On Monday, the main stock market index in Istanbul dropped as much as eight percent and the value of the currency – the lira – slumped to its lowest in 16 months against the US dollar.
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This is great news. Helps doctrinaire dictators such as the elected Turkish premier realize that oppression of citizens has consequences...