Turkish Stocks Drop More Than 3% After MSCI Freezes Index Changes
Turkey’s main stock index slid more than 3% after MSCI froze certain changes to its Turkey equity indexes, citing the need to assess market reforms and warning of a potential downgrade if progress is insufficient.
Turkey’s main stock index fell more than 3% on Friday after MSCI paused some changes to its Turkish equity indexes. The global index provider said it needed more time to assess market reforms and warned that Turkey could be downgraded if sufficient progress was not made by…