Monday, April 30, 2007

Turkish Stocks Tumble After Army Warning, Protests: World's Biggest Mover

(Bloomberg) -- Turkey's main stock index sank the most in 11 months after the military signaled it may block the government's presidential candidate. Turkiye Garanti Bankasi AS, a bank co-owned by General Electric Co., paced the retreat.

The nation's military, which has forced four governments from power since 1960, said late on April 27 it was watching the presidential elections and was prepared to ``clearly express'' its worries for the secular constitution. Hundreds of thousands of people protested the government's nominee for president yesterday in Istanbul.


Read more at Bloomberg Stocks News

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