Turkey's fund liquidation saga remains the dominant story, with the new coordination board now tasked with speeding up repayments to savers caught in the freeze. Equities have slid
Turkey's fund liquidation saga remains the dominant story, with the new coordination board now tasked with speeding up repayments to savers caught in the freeze. Equities have slid into bear market territory as the unwind drags on, and the pressure is compounding from outside, with a wider August trade deficit and China's shifting trade patterns weighing on Turkish exporters. The gap persists between solid domestic economic confidence and the risk premium investors are applying to Turkish assets.
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