MSCI Freezes Turkey Indexes as Fund Turmoil Fuels Scrutiny

MSCI Inc. is increasing its scrutiny of the equity market in Turkey following a crisis within the nation's fund industry. As a result, the company has frozen certain index changes. MSCI has further issued a warning that Turkey's status as an emerging market could eventually be at risk. This action comes as fund turmoil fuels deeper investigation into the stability and regulatory environment of the Turkish financial markets to determine potential future downgrades.