Thread by @business

🧵Counting is underway in Turkey's most pivotal elections in a generation, with President Erdogan locked in a close battle with rival Kilicdaroglu.

Follow this thread for #TurkeyElections updates and market reactions

Erdogan is leading the presidential race with around 22% of the ballots counted.

The Turkish president got 55% of the votes while his main rival Kemal Kilicdaroglu got 39%, according to state broadcaster TRT trib.al/FHB0Yzx

Erdogan’s reported lead narrows rapidly as the number of ballots counted increases.

With 41.8% of ballot boxes opened, the Turkish president won 52.7% of the vote and Kilicdaroglu 41.4%, state broadcaster TRT says.

Follow #TurkeyElections updates: trib.al/FHB0Yzx

🇹🇷 Turkey's opposition says its parallel count shows Kilicdaroglu ahead, without saying by how much. Earlier, Erdogan’s share of the vote was reported at 59.5%.

Follow #TurkeyElections updates: trib.al/FHB0Yzx

Money managers are waiting for the #TurkeyElections outcome to decide whether country becomes a “buy” again.

Here’s how strategists see different possible outcomes from the vote bloomberg.com/news/articles/…

Turkish opposition party CHP says Kilicdaroglu is leading the race for president with 47.4% of the vote, compared with incumbent Erdogan’s 46.8% — citing their parallel count based on nearly half of all the ballot boxes.

Follow #TurkeyElections updates: trib.al/FHB0Yzx

Erdogan molded Turkey into a regional power that plays a growing role from Ukraine to Syria. But erratic economic policies left the 69-year-old incumbent vulnerable to voter resentment.

Here's a look back at the key issues that dominated #TurkeyElections
bloomberg.com/news/features/…

#TurkeyElections: President Erdogan's vote share drops to 50.1% with 89.3% of ballot boxes opened, according to state broadcaster TRT.

Rival Kilicdaroglu is at 44.1%, while Sinan Ogan, the third contender, is at 5.3% trib.al/FHB0Yzx

BREAKING: Recep Tayyip Erdogan’s share of votes in Turkey’s election falls below 50% with more than 92% of ballot boxes opened, state-run TV reports trib.al/oJVRAsk

#TurkeyElections update with 92.7% of the ballot boxes opened

- Recep Tayyip Erdogan’s share of votes: 49.9%
- Kemal Kilicdaroglu: 44.3%
- Sinan Ogan: 5.3%

Source: State-run Anadolu Agency trib.al/FHB0Yzx

Turkey’s state-run banks have begun intervening in the foreign-exchange market to support the lira, sources say.

Latest updates: trib.al/FHB0Yzx

Main opposition mayors from Ankara and Istanbul say ballot data from state-run news agency Anadolu should not be trusted.

Latest #TurkeyElections updates: trib.al/FHB0Yzx

Traders are bracing for more volatility in the Turkish lira as early vote tallies in the presidential election showed no clear winner, raising the likelihood of a runoff in two weeks trib.al/iTophfd