Turkish Stocks Benefit From Liquidity Shield in Troubled Times
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Foreign investors may have dumped Turkish stocks this year, but they have probably been spared from a deeper sell-off by high liquidity levels that offer some comfort to traders, according to developing market specialists Tellimer.
Non-residents had sold $435 million of Istanbul equities this year as of Feb. 7, a swing from net purchases of $419 million in 2019, figures from the central bank show. Escalating tensions with Russia over Syria, along with an unsettled attitude among global investors toward riskier assets are likely to blame for the exit.