Turkish Stock Rally Lures Biggest Foreign Inflows in a Year
- Non-residents hunt returns as locals seek inflation hedge
- Shock rate cut drove lira weaker; inflation is at 80%
Borsa Istanbul stock exchange in Istanbul.
Photographer: Ismail Ferdous/BloombergThis article is for subscribers only.
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Overseas investors ramped up purchases of Turkish stocks at the fastest pace since November, joining a rally fueled by local investors seeking protection from the fastest inflation in a quarter century.