After MSCI, S&P Also Hits the Brakes: Doors Closed for Turkish Stocks! - Sözcü Newspaper
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4 Articles
S&P Dow Jones Indices has decided to freeze some index changes that include Turkish stocks due to structural concerns in the market and questions about transparency in share ownership.
The impact of alleged manipulations carried out through investment funds in Türkiye on international markets is growing. Following MSCI, S&P Dow Jones Indices has also decided to freeze some index changes related to Turkish stocks. The possibility of a downgrade in Türkiye's market status has resurfaced, and it is estimated that a loss of approximately 0.60% of Turkey's weighting in S&P indices could lead to a capital outflow of $2 billion.
International index provider S&P Dow Jones Indices has halted some index changes that include Turkish stocks due to concerns about the transparency of stock ownership and market structure in Turkey. The organization announced that no new Turkish stocks will be added to the indices in the December review. The decision follows MSCI's similar restrictions on Turkish stocks last month. The consecutive measures taken by the two major index providers …
S&P Dow Jones Indices announced it will freeze some index changes that include Turkish stocks, citing structural concerns in the Turkish market and questions about transparency in share ownership.
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