Turkish stock exchange at 14-month high in defiance of geopolitical tensions - ECONOMICS:
"The Turkish stocks have started off the week strongly at a 14-month-high despite rising geopolitical tension from Israel’s blistering assault on Gaza, as well as a plane crash rift in Ukraine and ongoing turmoil in Iraq.
The Borsa Istanbul (BIST) 100 index has opened the day at 82,992 points with a 378-point rise, touching the highest point it has seen since May 31, 2013.
Tensions in the Middle East and Ukraine seem to leave investors cold with Turkey’s close involvement in the rift, particularly due to Prime Minister Recep Tayyip Erdoğan’s increasingly harsh rhetoric against Israel over its strikes on Gaza that have killed more than 300 Palestinians over the past couple of weeks."
'via Blog this'
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