Search

All 11 industry groups in the MSCI Emerging Markets Index declined, led by technology and industrial stocks. Attribution Elena Popina: assist Douglas Lytle: editor Maria Levitov: by reporter Ian Sayson: by reporter Richard Richtmyer: editor Daliah Merzaban: editor responsible Narayanan Somasundaram: assist. [Extracted from the article]

The Capital Markets Board said Mert Ulker failed to "fulfill his responsibilities" in publishing his analysis for Ak Investment, the brokerage arm of Turkey's second-largest bank. "Mert Ulker's contract with Ak Investment has been canceled as of July 25, Monday, and since then he is no longer an employee", Ak Investment Chief Executive Officer Mert Erdogmus said by phone. [Extracted from the article]

GAM looks to add Coca-Cola Icecek as weak lira boosts earnings "Everyone is too emotional", said London-based Levashova, who bought shares in state lender Turkiye Halk Bankasi AS and homebuilder Emlak Konut Gayrimenkul Yatirim Ortakligi AS, part owned by the government housing agency, as they slid at least 15 percent in Istanbul since Friday. [Extracted from the article]

As the Federal Reserve's dovish tone gives investors a chance to disregard domestic risks in emerging markets, equity traders betting on Turkey and Colombia are coming out on top. Stocks in Turkey and Colombia are rallying as investors overlook the same concerns that drove them away last year. [Extracted from the article]

The bond-auction result shows any escalation in tension between Russia and Turkey makes it harder for the government to meet financing targets as it grapples with the steepest budget deficit in five years. Russia's five-year bond yield rose four basis points to 10.11 percent today, trimming its drop to 131 basis points this quarter. [Extracted from the article]

The Shanghai Composite Index declined for a second day after China's official purchasing managers index stayed unchanged at 49.8 in October, showing industrial output shrank for the third month. The Shanghai Composite Index fell for the second day after China's official purchasing managers index stayed unchanged at 49.8 in October, showing industrial output shrank for the third month. [Extracted from the article]

Faster-than-expected China GDP growth helps boost sentiment "Although China's growth data came ahead of estimates, investors are still expecting a continuing downtrend in its economy", said Jeffrosenberg Tan, a money manager at Jakarta-based PT Sinarmas Asset Management. [Extracted from the article]