Barron's: Turkish Stocks Might Be Ready for A Bounce -- If You Hurry

By SIMON CONSTABLE

There’s potential for some trading profits in Turkey.

 

So far this year Turkey’s stocks and currency have taken a hammering. But the recent stabilization of the Turkish lira may be paving the way for a bounce in stocks. “We think that the lira has fallen so much that it has gone from overvalued to undervalued and now is cheap from a fundamental perspective,” says Sergi Lanau, deputy chief economist at the Washington D.C.-based Institute of International Finance. 

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Photo by Meg Jerrard on Unsplash