- Turkey's President Erdogan declared a three-month state of emergency Wednesday night, allowing him to sidestep parliament in passing new laws against supporters of Friday's coup and "protect democratic values."
- The Istanbul stock index is down 9.5% so far this week, and the lira fell as far as 3.0769 vs. the greenback after Standard & Poor's downgraded Turkey's sovereign credit rating and lowered its outlook to "negative."
- ETFs: TUR, TKF