Investors rush to Turkey despite coup
Mini-rally in Turkish stocks and bonds highlights the risk yield-starved investors are willing to take
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
ON the face of it, this might not seem the right time to be investing in Turkey. Terrorists attacked the main airport in Istanbul, a foiled coup raised questions about political stability, and the country's debt is being downgraded by rating agencies - all of this happening within a span of two weeks.
So what were the best-performing investments in the global economy last week?
You guessed it: Turkish stocks and bonds - up 6.6 per cent and 3.8 per cent in US dollar terms, according to Merrill Lynch.
Share with us your feedback on BT's products and services
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
