CHART OF THE DAY: The Istanbul Stock Market Gets Obliterated

There’s not much to say about what happened to the Istanbul stock exchange today.

Following a week of brutal riots, the market got destroyed to the tune of 10%.

Meanwhile, for some great financial market/econ perspective on Turkey, go read @pawelmorski, who makes the important observation that you can’t just analogize Turkey to some other “revolution” in the world. Inequality hasn’t been a huge problem, and jobs have been plentiful.

And of course, up until recently financial markets have been on a gigantic tear.

Bloomberg: Borsa Istanbul Stock Exchange National 100 Index



Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.