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Article: Turkish stock market crashes amid panic sell-off
- Article from:
- Xinhua News Agency
- Article date:
- January 22, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Turkish stock market crashes amid panic sell-off
ANKARA, Jan. 22 (Xinhua) -- Turkish stock market dropped sharply
on Monday and Tuesday due to a panic sell-off, a domino effect of
plunging in global markets, the semi-official Anatolia news agency
reported on Tuesday.
Battered by the ominous winds blowing from international markets,
the benchmark Istanbul Stock Exchange (IMKB) National-100index fell
6.4 percent on Monday, losing 3,113 points and closing at 45,554
points, said the report.
On Tuesday, the IMKB-100 index plummeted to ten-month low in the
morning session to 42,943 points. Following a minor recovery at the
end of the session, IMKB index closed at 44,305.33 points.
However, IMKB ...