Turkey’s Erdogan Wins Support of Eliminated Rival in Runoff

  • President narrowly missed threshold for outright election win
  • Sinan Ogan’s support may help Erdogan extend his 20-year rule
Sinan OganPhotographer: Adem Altan/AFP/Getty Images
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Turkish President Recep Tayyip Erdogan won the support of a nationalist rival, boosting his chances of extending his 20-year rule at Sunday’s runoff and deepening a selloff in Turkish assets as investors bet on a continuation of his unorthodox economic policies.

Longshot third candidate Sinan Ogan, who won 5.2% of votes in the May 14 ballot, said at a press conference on Monday that he’d support Erdogan in the next round.