Turkey Markets Rally as Candidate Withdraws Days Before Vote
- Muharrem Ince quit main opposition to form own party in 2021
- Move comes after he denied allegations of sex tape, bribes
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Turkish presidential contender Muharrem Ince withdrew from Sunday’s election, narrowing the field of rivals to incumbent Recep Tayyip Erdogan and injecting fresh uncertainty into the contest over how Ince’s supporters will vote.
Markets rallied, with investors betting the withdrawal increases the likelihood of an Erdogan defeat by leaving him to face a single candidate rather than a split opposition.