A Near Coup in Turkey Takes Investors by Surprise
It's been an interesting few days to say the least. Most Asian stocks rose on Monday, while trading volumes remained thin in the wake of lackluster cues from Wall Street, a failed coup attempt in Turkey and a public holiday in Japan for Marine Day.
The Turkish government moved swiftly to “clean up the army” and re-establish control, with the country's central bank promising unlimited liquidity to banks and its deputy prime minister posting on Twitter that there's “no need to worry.” Meanwhile Gold maintained its solid support while having a more bullish sentiment with certain geopolitical events unfolding at a rapid pace.
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