Turks.us Daily World EU News

Who's Online

Guest Users: 23
   

Turkey: Market Taking Damage

   
InternationalThere seems to be no end in sight for the ongoing protests in key cities of Turkey. The latest sector to be hit by the growing unrest is the country’s market.

Investors now doubt Turkey’s market as the possibility of the protests gripping the nation to continue indefinitely emerges.

The benchmark stock index of the country nosedived by more than 15 percent on May 22.

Frenzied selling was seen this week after PM Recep Tayyip Erdogan announced that he would push through the redevelopment plans for the Gezi Park in Istanbul. A plunge of more than 8 percent in
Thursday was reported for the Istanbul Stock Exchange National 100 Index.

The peaceful protest against the redevelopment of the beloved park quickly worsened to what is now being reported as an anti-government rally against Mr Erdogan and his party.

Analysts are now saying that “there are now no buyers” in the country’s market.

The Turkish lira weakened against the euro and the U.S. dollar after the yields on the country’s 10-year government bonds rose to as much as 8 percent on Thursday.

Many are now calling for the resignation of Mr Erdogan, further accusing his government of authoritarianism and forceful imposition of conservative Islamic values.

Turkey’s finance minister, however, is singing another tune as he asserts that the country “is doing just fine.”

The country’s economic activity prospered in Mr Erdogan’s rule but the success it gained in the past years are now being quickly substituted with dampened market performance as unrest rages on.
  
Turkey: Market Taking Damage | 5 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Clash Of Clans Hack Tool No Survey
Authored by: rehanna on Monday, November 17 2014 @ 02:08 PM MSK
Clash Of Clans Hack Tool No Survey

http://clashofclanshacktoolnosurveoy.tumblr.com
caspa
Authored by: steve7876 on Friday, November 21 2014 @ 07:40 PM MSK
The tender beef bisket paired with croissant looks yummy. I'll definitely try this one because they come with reasonable prices too. caspa
Turkey: Market Taking Damage
Authored by: steve7876 on Saturday, November 22 2014 @ 12:04 PM MSK
Great post! I?m just starting out in community management/marketing media and trying to learn how to do it well - resources like this article are incredibly helpful. As our company is based in the US, it?s all a bit new to us. What Is Apple Pay?
Turkey: Market Taking Damage
Authored by: yronen4 on Wednesday, November 26 2014 @ 06:29 PM MSK
Sometimes you may feel happy once you look in the particular reflection? Have you been pleased with your looks as well as are you visualizing the way it could have been recently better if it ended up being smaller sized or this specific portion narrower? In case you are toying with all the ideas of getting self-help guides, exercise along with period stop, that has to be time and energy to find out about care and feeding of the home chef for the much better, more happy you.
Turkey: Market Taking Damage
Authored by: cool on Wednesday, November 26 2014 @ 10:23 PM MSK
A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. replique montre www.replicaorologi4it.com