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Tuesday, May 17, 2011

Turkish Stocks Slump as Goldman Sachs Becomes More Cautious - Bloomberg

"Turkish Stocks Slump as Goldman Sachs Becomes More Cautious
By Selcuk Gokoluk - May 17, 2011 6:33 AM ET

Turkish stocks weakened after Goldman Sachs Group Inc. turned more cautious on investing in the country because of its current-account deficit.

The ISE National 100 Index (XU100) of equities treated 0.6 percent to 65,055.24 at the 12:30 p.m. break in Istanbul. Turkish stocks have declined for eight of the last 10 days, leaving the gauge with a loss of 1.4 percent so far in 2011. "

More:Turkish Stocks Slump as Goldman Sachs Becomes More Cautious - Bloomberg