Turkey Economy

Asia Stocks Mixed as Bonds Were Boosted by Turkish Turmoil

Asia Pacific stocks were mixed on Monday morning. Markets were shocked with President Tayyip Erdogan replacing Turkey’s hawkish central bank governor. Per Hammarlund, the senior EM strategist at SEB Research, said that the authorities would have two choices. It either vows to use interest rates to stabilize markets, or it imposes capital controls. With the …

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