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With indications that President Donald Trump will support lifting the ban on selling F-35 Lightning II stealth strike fighters to Turkey, Israeli Prime Minister Benjamin Netanyahu has predictably expressed opposition. While a delivery of the fifth-generation combat aircraft to Turkey likely isn't imminent even if swiftly approved, Russia, meanwhile, seems to have made progress in manufacturing the first batch of 4.5-generation Su-35 Flanker fighters Iran ordered years ago.
Turkey will seek to rally support for a global target for electricity to meet 35% of the world's energy demand by 2035, aiming to cut fossil fuel consumption, the president of this year's global climate summit said on Tuesday.
President Tayyip Erdogan said on Wednesday that the peace process aimed at ending Turkey's decades-long conflict with Kurdish militants was progressing in a "positive atmosphere", after criticism from pro-Kurdish lawmakers.
CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.
The iShares MSCI Turkey ETF (TUR) has outperformed the S&P 500 so far in 2026, most recently benefiting from a ceasefire in neighbouring Iran. Even so, TUR holdings remain notably cheaper than U.S. large caps, offering small double-digit gains as long as downside risks do not materialize. TUR is principally invested in cyclical sectors, amplifying its earnings volatility throughout the economic cycle.
ACWX tops SPY early in 2026. Norway, Turkey, South Korea and Japan ETFs hover near 52-week highs on higher oil price, easing inflation and chip rally.
iShares MSCI Turkey ETF is rated 'Hold' due to high sector concentration, weak momentum, and regional risks. TUR's top ten holdings comprise nearly 50% of assets, with over 63% exposure to industrials, financials, and consumer staples. Despite strong performance from select holdings, TUR delivered negative returns YTD and underperformed broader benchmarks.
iShares MSCI Turkey ETF (NASDAQ: TUR - Get Free Report) saw unusually large options trading on Friday. Stock investors purchased 6,138 call options on the company. This represents an increase of approximately 1,446% compared to the average volume of 397 call options. iShares MSCI Turkey ETF Trading Down 0.3% Shares of NASDAQ TUR opened at $33.50