Turkey funds implosion sparks stock-market scandal fears, WSJ says
Turkish authorities rushed to contain fallout from an implosion of investment funds holding billions, adding stress to Turkey’s economy as investors sought cash-outs, per WSJ.
Turkish authorities moved quickly to limit the fallout from the collapse of a series of investment funds that held billions of dollars, adding fresh pressure to Turkey's already strained economy. Investors rushed to withdraw money after a popular fund manager was implicated in the implosion.