Turkey’s military electronics manufacturer Aselsan was the top performer in today’s Istanbul market rally, with a 5% gain on news of an unspecified foreign contract. Aselsan is up nearly 200% in the past year, the top performer but one (a mining company) in the Istanbul 30 Index.
Aselsan’s stock surge reflects the growing integration of Turkey’s economy into China’s regional ambitions. Last May it reportedly was awarded a contract to build weapons pods for Chinese-designed fighters manufactured by Pakistan under Chinese license.
Disruption could come unexpectedly.
Moving bands will be more market driven.
China should set quota for its exports to America.
More competition from fast rail would do good for the airlines.
Need to put them into practice before they turn into rusty hulks.
The Taiwanese Tsai should be encouraged to look or travel North rather than South.
Meuller should summon Putin to give testimony.
Trade war is inevitable.
More free money from printing will impress all.
Rich who want to flow out should be taxed more.
Feeding the refugee problem has taken the toll.
No tax for the Rich will give them encouragement to invest.
Some people will always try to read Xi mind.
With aging workforce, it is better to build in places when people are younger.
A win win solution can be found.
Turkey is the European and Middle East two-timer power to watch.