On August 24, Turkish stocks opened lower following the news about deployment of Turkey’s troops in Syria. In the early trade, Borsa Istanbul’s BIST 100 stock index plummeted 2.87%.
Besides, the Turkish currency also fell in value. The Turkish lira hit a low at 3.37 against the US dollar, which is 0.525% down from the close of August 23.
Earlier, BIST 100 sank on July 21 in the wake of a failed military coup. In response, Turkey’s President Erdogan declared a three-month state of emergency.
A month later, Turkish tanks, warplanes, and special troops entered northern Syria. The campaign is launched to battle ISIS on the Syrian-Turkish border. By the evening on August 24, the Turkish army and allied Syrian rebels captured Jarablus, the ISIS stronghold on the border.
