Turkish Stocks Look Cheap Post ‘Shock’ Election But Currency Vulnerability Weighs Heavy

“Since Sunday’s election result, financial markets have spoken in the form of the lira hitting new lows [overnight]. The fears of authoritarian rule by Erdoğan damaging autonomy for the central bank has proven the lesser of two evils in the context of heavy uncertainty caused by the unsettling prospect of a weak coalition.”

Richard de Meo quoted in Forbes

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