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Turkish stock market index drops over nationwide anti-government protests

ISTANBUL – Turkey’s main stock exchange has dropped sharply on opening on Monday, following three days of anti-government protests.

The Borsa Istanbul 100 Index fell 6.43 per cent as investors worried about the destabilizing effect of the demonstrations on the economy.

Thousands have joined the rallies — the biggest Turkey has seen in years — to voice discontent with the 10-year rule of Prime Minister Recep Tayyip Erdogan.