The turmoil on both sides of the Atlantic has shaken Turkey, where the Istanbul stock exchange steadied on Tuesday, a day after recording a 7 per cent slump – the biggest drop in almost three years.
After initial heavy falls during early trading, Istanbul’s benchmark index finished up 1.3 per cent on the previous day’s close.
Monday’s fall was the biggest in percentage terms since October 2008. Energy groups were some of the bigger losers on Tuesday, falling by a further 3 per cent on the previous day’s close. By contrast average shares in the financial sector rose slightly.
For more: Turkey’s account deficit eats into confidence - FT.com
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