(Bloomberg) -- Turkish stocks dropped after Citigroup Inc. recommended investors sell shares on concern a row between the army and the government over the country's next president may fuel political instability.
Turkiye Is Bankasi AS, the biggest bank, and Turkiye Garanti Bankasi AS, the third-largest, led the retreat. Stocks yesterday had their steepest decline in two months after the military, which has forced four governments from power since 1960, signaled it may block the administration's presidential candidate because of his Islamist past.
Read more at Bloomberg Stocks News
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