Turkey’s Wealth Fund Bought Blue-Chip Stocks to Stem Market Rout
Turkey’s sovereign wealth fund purchased blue-chip stocks on Thursday to stabilize the nation’s equity market. This intervention follows a crash within the country’s fund management industry to prevent further market decline.
Turkey’s sovereign wealth fund bought stocks on Thursday to prop up the nation’s equity market, according to people with knowledge of the matter, the latest move to contain fallout from a crash in the country’s fund management industry.
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