Turkish Opposition Faces Trial That’s Got Market on Edge

Investors in Turkey are nervously awaiting a verdict on the fate of the main opposition party as early as Monday, after the arrest of Istanbul’s mayor in March led to an exodus of foreigners from the market.

A court case questioning the party leadership’s legitimacy started at 10 a.m. local time in Ankara. Should the court reach a verdict in its third hearing against the leadership of the Republican People’s Party, or CHP, market-watchers say it’ll be a pivotal moment with market implications.