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MSCI freeze takes effect immediately and remains in place until further notice MSCI could consult on downgrading Turkey if progress is insufficient by June 2027 Finance Minister Simsek says regulators are implementing measures to boost market transparency (Adds finance minister's comments in paragraphs 2, 10-12) By Dar
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.
(.) ISTANBUL, Oct 16 (Reuters) — Turkey's main stock index slid more than 3% on Friday after global index provider MSCI froze certain changes to its Turkey equity indexes, saying it needed more time to assess market reforms and warning of a potential downgrade if sufficient progress was not made by mid-2027. The move c