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Turkey’s Wealth Fund Bought Blue-Chip Stocks to Stem Market Rout
Source: Bloomberg
Market Technicals & FlowsFiscal Policy & BudgetInvestor Sentiment & PositioningBanking & Liquidity
Turkey’s sovereign wealth fund bought domestic equities on Thursday to support the stock market amid fallout from a crash in the country’s fund-management industry. The intervention signals acute concern over market stability and investor confidence, although the scale of purchases was not disclosed.
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