Down ~16% in two weeks, Turkish stocks (TUR) appear likely to remain volatile for the rest of...

|By:, SA News Editor

Down ~16% in two weeks, Turkish stocks (TUR) appear likely to remain volatile for the rest of the week despite attempts by the central bank to calm markets. Currently, riot police are driving protestors from Taksim square using water cannons and "enormous amounts of tear gas," after Prime Minister Tayyip Erdogan says he doesn't have "any more tolerance" for the demonstrations. Meanwhile, riot police were out in Greece as well after the government closed state broadcaster ERT sparking protests in Athens and adding pressure to a market (GREK) already stung by the DEPA debacle (I, II).