Turkish Stocks Soar to Record High on Hopes of Policy Shift
- Borsa Istanbul 100 Index has gained 25% since May 28 election
- Erdogan appointments fuel optimism for more orthodox policies
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Turkish stocks surged to record highs, while the lira remained at all-time lows, as the appointment of two former Wall Street bankers to the country’s new economy team fueled optimism that the government will return to more conventional policies.