Reported 2 days ago
Turkey has implemented a ban on short-selling for all stocks and relaxed share buyback regulations to halt a market downturn triggered by the detention of opposition leader Ekrem Imamoglu. The Turkish benchmark index dropped 17% following the arrest, leading to a decline in the lira and increased bond yields. These measures are set to remain until April 25, while the central bank has held discussions with major banking executives in preparation for market volatility.
Source: YAHOO