Turkish president’s main rival is arrested. The lira is crashing. - MarketWatch
1. Turkish lira fell to a record low against the U.S. dollar. 2. Investors are selling off Turkish assets amid political instability. 3. Imamoglu's arrest may destabilize Erdogan's government further. 4. Inflation remains high at 39%, affecting economic outlook. 5. BIST 100 index and iShares MSCI Turkey ETF also dropped significantly.