Big Crash In Istanbul Market

After collapsing in the wake of the big protests, the Turkish stock market is crashing again today.

The culprit: Comments from Prime Minister Erdogan about how development plans (plans to get rid of a park and replace it with a mall) will go ahead. This was the original spark that lit the protest fuse (although the protests are much broader).

The Borsta Istanbul is now off about 6%.

Via Bloomberg:

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