People protesting against the coup wave a Turkish flag on top of the monument in Taksim square, Istanbul, Turkey, on Saturday. (AP photo)An encouraging week for global investors ended in anxiety as an attempted coup in Turkey thrust geopolitical tensions back to the fore, blindsiding bulls preparing to celebrate rallies from Tokyo to New York. With little to go on and nowhere to trade, investors were holding their breath. The sucker punch followed a week in which the S&P 500 Index broke through to records after a 13-month hiatus and global stocks jumped to an eight-month high. “This could also act as a catalyst for the next leg down in emerging markets as it sullies the entire asset class.

Source: Bangkok Post July 16, 2016 23:26 UTC