Page 17 - TURKRptOct20

By now, even the stakeholders in the Borsa Istanbul are referring to the supposed individual investor accounts as “fake”.
“Sad to see Turkey's weight in MSCI Emerging Markets index hitting all time low at 0.3%,” Emre Akcakmak of EastCapital wrote on September 16 in a tweet (see chart below).
Garanti BBVA, which has lost 40% year-to-date in lira terms, is becoming a bigger and bigger headache for Spanish parent financial services group BBVA.
“TROUBLE? BBVA drops to lowest level since 1995 due to Turkey risk. BBVA holds almost 50% of the third largest Turkish bank Garanti,” Holger Zschaepitz of Welt wrote on September 16 in a tweet.
17​ TURKEY Country Report​ October 2020 ​ ​www.intellinews.com