Turkey’s stock exchange suspended trading for the first time in 24 years after a selloff in the wake of two devastating earthquakes. Read on
“At times of catastrophes like this, suspending trading in the stock market is a better decision in order to protect investors,” said Haydar Acun, managing partner of Marmara Capital in Istanbul. Investing in equities is popular among locals as a hedge against the country’s rampant inflation, which surged to a high of around 86 per cent in 2022.Article content
“The current panic and pessimistic mode may have also increased risks for traders as it clouds rational thinking. It’s late, but still the right decision to take,” said Mehmet Gerz, chief investment officer at Istanbul-based Ata Portfoy.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Turkey halts stock market trading after $35-billion wipeout in earthquakes' aftermathTurkey’s stock exchange suspended trading for the first time in 24 years after a selloff in the wake of two devastating earthquakes. Read on
Read more »
Turkey halts stock market trading after $35-billion wipeout in earthquakes' aftermathTurkey’s stock exchange suspended trading for the first time in 24 years after a selloff in the wake of two devastating earthquakes. Read on
Read more »
More than 1,300 killed as powerful earthquake rocks Turkey and SyriaThe quake, felt as far away as Cairo, was centred north of Gaziantep, a Turkish provincial capital
Read more »
Powerful earthquake rocks Turkey and Syria, kills more than 1,900A 7.8 magnitude earthquake rocked wide swaths of Turkey and Syria Monday, toppling hundreds of buildings and killing more than 1,900 people.
Read more »
More than 1,300 killed as powerful earthquake rocks Turkey and SyriaThe quake, felt as far away as Cairo, was centred north of Gaziantep, a Turkish provincial capital
Read more »
Huge earthquake hits Turkey and Syria, kills about 1,700, many trappedADANA — A huge earthquake killed about 1,700 people and injured thousands more on Monday in central Turkey and northwest Syria, flattening apartment blocks and…
Read more »