"Turkey's ETF Continues to Get Pummeled
by: Kevin Kennedy February 24, 2010 | about: TUR
A bungled coup plot by Turkish military leaders and financial troubles in nearby Greece are hampering shares of high-flying iShares Turkey (TUR).
The Turkish exchanged traded fund traded as low as 48.05 today, an almost 12% plunge in less than three trading days, to fall almost 19% off its 52-week high set Jan. 19. It closed off 2.4% Wednesday at 49.65, down almost 8% year to date but still up an impressive 124% in the past year."
More:Turkey's ETF Continues to Get Pummeled -- Seeking Alpha