Reported about 10 hours ago
Turkey's financial markets plunged following the arrest of Ekrem Imamoglu, a key political rival to President Erdogan. The lira fell over 10% to record lows, while the Borsa Istanbul 100 Index dropped 6%, marking the most significant losses globally in various asset classes. This political shock has intensified investor concerns about a tightening grip on power by Erdogan ahead of the approaching presidential elections.
Source: YAHOO