Morning Note /
Turkey

Turkish equities decoupled positively

  • Turkish equities ended the day flat while the Lira remained weak and 5-year CDS was at 442bps

  • Aviation stocks were under heavy selling pressure for no obvious reason to us

  • TAV was down almost 4% at one point, only a week before announcing its solid 3Q results

Batuhan Ozsahin
ATA Invest
13 October 2021
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