Erdogan and Prime Minister Ahmet Davutoglu contend that the country could return to short-lived coalition governments, economic instability and coups by a military if the AKP lost the majority.
Adding to the market sell-off, the weakening Turkish lira currency has sent foreign investors to the doors. The Turkish lira touched a record low of 2.8094 to the dollar Monday.
However, over the medium term, bargain investors may find a cheap market once the short-term volatility clears up if the elections result in a return to economic reforms, greater independence for the central bank and fewer domestic divisions, writes Richard Barley for the Wall Street Journal.
iShares MSCI Turkey ETF
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