Morning Note /
Turkey

Turkey: Equities inflation rally continues

  • Turkish equities were up 7.5% w/w, led by the 7.9% rise industrials index, while banking index was up 4%

  • Equities inflation rally continues as there is no other Lira asset to protect savers

  • Overall dollarization of the system has climbed to 62%, an all time high and the reversal of this will not be easy

Batuhan Ozsahin
ATA Invest
6 December 2021
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