Turkish Stocks Pare Year’s Gains Before Rates Meeting, CHP Trial

Turkey’s stocks are close to erasing their year-to-date gains as political uncertainty weighs on sentiment and investors brace for a key central bank meeting next week.

The Borsa Istanbul 100 Index pared its advance to as low as 4.9% this week after having climbed as much as 17% to a record high in August amid optimism about interest-rate cuts. In dollar terms, it’s already down 10% for the year.