Beer Stocks Are Among Turkey’s Biggest Winners in Erdogan’s Loss
- Preliminary tally shows opposition won in Ankara and Istanbul
- Anadolu Efes had been trailing the benchmark index’s advance
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It’s the one corner of Turkey’s markets that’s celebrating the return of secularists to power: brewer stocks.
The lira swung between gains and losses and the yield on Turkey’s benchmark bond was unchanged, with the Republican People’s Party, or CHP, set to oust President Recep Tayyip Erdogan’s Islamist-rooted movement from office in the country’s biggest cites.