Traders walk on the floor of the Borsa Istanbul in Istanbul, Turkey. Photo: Reuters, Murad Sezer
Traders walk on the floor of the Borsa Istanbul in Istanbul, Turkey. Photo: Reuters, Murad Sezer
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Banks led Turkish stocks Friday

Slight recovery comes on the heels of a sharp fall this week

March 24, 2017 7:42 PM (UTC+8)

Turkish banks led the Istanbul Index to modest gains after a sharp fall earlier this week on an outlook downgrade from Moody’s. The Turkish central bank continues to hold the lira in a tight range around 3.6 to USD.

The market ignored President Erdogan, who stated that he will continue to call Europeans “Nazis” and “fascists” as long as they continue to call him a “dictator.” Turkey would, however, keep its economic ties to the European Union and remain open to foreign investors, Erdogan added.

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