Turkey to liquidate 130 funds worth $18bn, Şimşek says move won't weigh on bourse

Turkish Treasury and Finance Minister Mehmet Şimşek said authorities have quarantined the problematic area in funds and that the liquidation of 130 funds worth $18bn will not be structured in a way that pressures the stock exchange. The SPK has taken action against those engaged in market-distorting trades, with the rest now a matter for the justice process.

Detected & updated continuously · Source: Nebula