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BNP Paribas Wealth Management: Likelihood of near-term consolidation rising following Turkey sell-off

“As the situation is still highly uncertain, markets will remain volatile in the near term,” said Grace Tam, chief investment advisor, Hong Kong for BNP Paribas Wealth Management, on the recent hit on Turkish assets. “However, with rapid deterioration in Turkey’s situation, the probability of at least some reconsolidation is increasing in the near term.” According to Tam, a sizeable…

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