Financial Times FT.com

AKP case depresses Istanbul stock market

By Vincent Boland in Ankara

Published: April 1 2008 03:00 | Last updated: April 1 2008 03:00

Turkey's highest court yesterday sent investors running for cover after judges agreed to hear a case that could lead to the closure of the governing party and to long bans for the country's political leaders.

Shares on the Istanbul stock market - 72 per cent of which are foreign-owned - fell nearly 3 per cent and the lira continued to tumble against the euro at the prospect of months of political and economic uncertainty.

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