Record high for Turkish markets after pro-business party elected

emerging markets

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Despite recent power struggles between Turkey's adamantly secular military and its Islamist governme...

Despite recent power struggles between Turkey's adamantly secular military and its Islamist government, the country now offers a wealth of investment opportunities. The recent election, on 22 July, resulted in the Islamist-rooted AKP party taking power, which sent the local stock market soaring to a record high. Namik Aksel, chief investment officer of HSBC's investment services Turkey division, says the outcome is the best possible for financial markets as the AKP is the most pro-business political party in Turkey. However, he warns: "The result does not necessarily bring a complete en...

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