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📌 Turkish stocks headed on Friday to register their worst weekly performance since the Lehman Brothers bankruptcy crisis in 2008.

📌 By 14:50 GMT, the Istanbul Stock Exchange's benchmark index had fallen by about 7.82%, while the banking index declined by 9.37% after trading resumed.

📌 The benchmark index is on track to record a weekly decline of 15%, marking its worst drop since the global financial crisis in October 2008.

📌 The Turkish lira, stocks, and bonds have all sharply declined since Wednesday when authorities arrested Imamoglu.

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