Turkey Injects Billions of Liras to Prop Up Stocks Before Open
- Turkey to offer tax waivers on share buybacks as incentive
- Trading was halted at Istanbul bourse after quake disaster
Nureddin Nebati
Photographer: Adem Altan/AFP/Getty ImagesThis article is for subscribers only.
Turkey is throwing its full weight behind stocks before the planned resumption of trading at the nation’s key equity market on Wednesday.
The government is channeling billions of liras from pension funds and state lenders into the stock market and planning tax waivers for buybacks, according to officials with direct knowledge of the matter.