With more than 91% of votes counted, incumbent President Recep Tayyip Erdogan had won 49.49% of votes, while rival Kemal Kilicdaroglu claimed 44.7%, Turkey’s election chief said. Neither candidate reached the 50% threshold required to avoid a runoff, which would take place on May 28.
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Turkish stocks tumble and dollar reaches new high vs. lira after election stalemateTurkey's stock market fell more than 6% Monday and the lira also came under pressure after presidential elections in the NATO member looked like delivering...
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