Turks.us Daily World EU News

Who's Online

Guest Users: 33

Events

There are no upcoming events
   

Turkey: Market Taking Damage

    
Thursday, June 06 2013 @ 09:37 PM CEST
InternationalThere seems to be no end in sight for the ongoing protests in key cities of Turkey. The latest sector to be hit by the growing unrest is the country’s market.

Investors now doubt Turkey’s market as the possibility of the protests gripping the nation to continue indefinitely emerges.

The benchmark stock index of the country nosedived by more than 15 percent on May 22.

Frenzied selling was seen this week after PM Recep Tayyip Erdogan announced that he would push through the redevelopment plans for the Gezi Park in Istanbul. A plunge of more than 8 percent in
Thursday was reported for the Istanbul Stock Exchange National 100 Index.

The peaceful protest against the redevelopment of the beloved park quickly worsened to what is now being reported as an anti-government rally against Mr Erdogan and his party.

Analysts are now saying that “there are now no buyers” in the country’s market.

The Turkish lira weakened against the euro and the U.S. dollar after the yields on the country’s 10-year government bonds rose to as much as 8 percent on Thursday.

Many are now calling for the resignation of Mr Erdogan, further accusing his government of authoritarianism and forceful imposition of conservative Islamic values.

Turkey’s finance minister, however, is singing another tune as he asserts that the country “is doing just fine.”

The country’s economic activity prospered in Mr Erdogan’s rule but the success it gained in the past years are now being quickly substituted with dampened market performance as unrest rages on.
  

What's Related

Story Options

Turkey: Market Taking Damage | 15 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Turkey: Market Taking Damage
Authored by: femto onWednesday, May 17 2017 @ 12:22 PM CEST
tesxtet
have a peek Mojomarketplace
Authored by: muneer ahmed onWednesday, May 17 2017 @ 05:16 PM CEST
Your article is extremely helpful exceptionally fascinating subject have a peek Mojomarketplace i am looking that sort of post thank for imparting to us keep it up.
look at site Blogher.com
Authored by: muneer ahmed onThursday, May 18 2017 @ 07:26 AM CEST
Great post, please keep on sharing amazing article like this! look at site Blogher.com It makes me happy reading your post.
Turkey: Market Taking Damage
Authored by: Hellenrose onFriday, May 19 2017 @ 07:46 AM CEST
From our post, I came to know about the protests which are happening in key cities of Turkey but the reason for this dispute is not at all clear to me. Hope the authorities will find out a better solution to this. Keep updating more news related to this. cheapest cable tv
Turkey: Market Taking Damage
Authored by: Carolwright865 onMonday, May 22 2017 @ 06:42 AM CEST
The worldwide forecast for the Asian markets is level, reflecting the price of crude petroleum and because of blended financial information. The European markets were up and the U.S. bourses were generally unaltered, and the Asian markets are relied upon to part the distinction. Green Lantern Jacket
Turkey: Market Taking Damage
Authored by: hellenjos onThursday, May 25 2017 @ 08:07 AM CEST
Recently there occurred protest in turkey and it becomes worse due to the rally conducted by the protestors. This time they are targeting the market. The government is silent in all these activities. Their silence makes the situation worse. Hope for the best.cheap ipad4 wholesale
digitinc
Authored by: digitinc onWednesday, May 31 2017 @ 04:01 AM CEST
Thanks for taking the time to discuss that, I feel strongly about this and so really like getting to know more on this kind of field. Do you mind updating your blog post with additional insight? It should be really useful for all of us.
http://delhipolicebharti.in/trb-tn-tet-results/
TNTET Result
Turkey: Market Taking Damage
Authored by: jhonsmith onSaturday, June 03 2017 @ 07:48 AM CEST
There is by all accounts not a single end to be found for the progressing challenges in key urban areas of Turkey. The most recent area to be hit by the developing turmoil is the nation's market. Furious offering was seen for the current week after PM Recep Tayyip Erdogan reported that he would push through the redevelopment anticipates the Gezi Park in Istanbul. A dive of more than 8 percent in. Write My Essay
digitinc
Authored by: digitinc onThursday, June 15 2017 @ 03:52 AM CEST
I am really impressed by the quality content of information on this blog. thank you sharing this information keep posting like this!
http://www.rainstormfilm.com/architec...e-anymore/
architectural visualization production
Turkey: Market Taking Damage
Authored by: James Howard onWednesday, July 12 2017 @ 07:14 PM CEST
Fantastic website. Plenty of useful info here. I'm sending it to some friends and additionally sharing in delicious. And naturally, thank you for your effort! aromatherapy oils list
Turkey: Market Taking Damage
Authored by: macooxi onMonday, July 31 2017 @ 09:10 PM CEST
Turkey: Market Taking Damage
Authored by: yogesh onThursday, August 03 2017 @ 08:41 AM CEST
I am so happy to read this. This is very educational content. Really this is breathtaking effort with the blog. I wanted to thank you for this great article. Thanks for this excellent information. CBSE 12th Result 2018
Turkey: Market Taking Damage
Authored by: taylorshaw151 onMonday, August 21 2017 @ 01:57 PM CEST
It’s a common issue with people that no matter how many things you do in favor of development you will always be judged by the one flaw in the rule. People need to consider both of them before making a verdict. the triple play cheap cable
Turkey: Market Taking Damage
Authored by: heweige onWednesday, August 23 2017 @ 12:37 PM CEST
i thanks for this blog,it's excellent article,and i will review it. - Name: Kpopclothes Company
Turkey: Market Taking Damage
Authored by: henwick onThursday, August 24 2017 @ 06:22 AM CEST
Great post, I have seen places to eat near meexcellent expression in your writing. Being at the top for so many years is not as simple to do as it looks.