After suffering through a precipitous plunge, Turkey country-specific exchange traded funds are starting to recover as bargain hunters look to a market that experienced its worst two-day drop in two decades. The iShares MSCI Turkey ETF (NasdaqGM: TUR) rose 3.4% on Wednesday and was testing its long-term support at the 200-day simple moving average.
Bargain Hunters Help Lift an Embattled Turkey ETF
After suffering through a precipitous plunge, Turkey country-specific exchange traded funds are starting to recover as bargain hunters look to a market that experienced its worst two-day drop in two decades. The iShares MSCI Turkey ETF (NasdaqGM: TUR) rose 3.4% on Wednesday and was testing its long-term support at the 200-day simple moving average.