Investors are nervously awaiting the outcome of Turkey's tight presidential race, sending stocks falling and the value of its currency down to a new record low against the US dollar.
Investors are nervously awaiting the outcome of Turkey’s tight presidential race Monday, sending stocks falling and the value of its currency down to a new record low against the US dollar. Turkey’s benchmark BIST-100 index sank as much as 6.4% in pre-market trade after President Recep Tayyip Erdoğan appeared to be heading for a run-off on May 28 against his main opponent, Kemal Kilicdaroglu.
The uncertainty has investors in Turkish government bonds worrying about the country’s ability to pay them back. The cost of buying insurance against the risk of default by the government — known as a credit default swap — surged 22% in morning trade to its highest level since November, according to data from S&P Global Market Intelligence.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
On final day of campaign, Erdogan accuses Turkish opposition of working with BidenTurkish President Tayyip Erdogan held his last election rallies in Istanbul on Saturday, accusing the opposition of working with U.S. President Joe Biden to topple him while making a final appeal ahead of the biggest challenge to his 20-year rule.
Lire la suite »
Erdogan’s fate in the balance as Turkish voters head to the pollsVoters across Turkey headed to the polls Sunday in a crucial election pitting President Recep Tayyip Erdogan against challenger Kemal Kilicdaroglu.
Lire la suite »
Turkish President Erdogan holds early lead in national election, state-run news claimsEarly results from Turkey’s national election Sunday showed President Recep Tayyip Erdogan with a solid lead after nearly 20% of ballot boxes were counted, the Turkish state-run news agency s…
Lire la suite »
Erdogan and Opposition Both Claim Lead in Turkish ElectionNeither President Recep Tayyip Erdogan nor opposition leader Kemal Kilicdaroglu was able to claim an outright victory in the Turkish election as vote counting continued
Lire la suite »
Erdogan rival says has evidence of Russia's online campaign ahead of Turkey electionThe main challenger of Turkish President Tayyip Erdogan said his party has concrete evidence of Russia's responsibility for the release of 'deep fake' online content ahead of Sunday's elections.
Lire la suite »