Turkey's fund liquidation saga moves into a new phase, with authorities setting up a dedicated council to oversee the roughly $20 billion in frozen investment funds, a step toward
Turkey's fund liquidation saga moves into a new phase, with authorities setting up a dedicated council to oversee the roughly $20 billion in frozen investment funds, a step toward structure but one that keeps the cleanup in the spotlight. The BIST 100 and the Turkey ETF have continued to drift lower, showing that even as officials organize the unwind, investor appetite remains cautious. Meanwhile, economic confidence climbed to a 39-month high, a gap between how households and businesses feel about the economy and how markets are pricing it.
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