Well, the elections were yesterday and the Turkish stock market rose to record levels as the Justices and Development Party (AKP) lead by Recep Tayyip Erdogan won about 46.4% of the popular vote. The AKP party now has 340 seats in the 550-seat parliament, according to Carl Delfeld of ETF XRAY. The AKP party is seen as pro-business and pro-privatization. The chart below shows TKF’s climb in accordance with the historic event.
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