Turkey Probes Financial Markets

Turkey’s financial markets are being investigated by the country’s regulatory board.  The investigation, as well a global sell-off in developing economies and anti-government protests, is threatening the faith in the country’s capital markets.

The Ankara-based Capital Markets Board launched the probe after a massive exit from Turkey by foreign investors starting in late May, which caused stocks to plummet, raised borrowing costs significantly and sent the currency to record …

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