Turkish Court Unseats Leader of Main Opposition Party

A Turkish court removed the leader of the main opposition party, triggering a 6% stock market selloff and state intervention to defend the lira. Bloomberg's Beril Akman reports on the political and market implications. - Turkish court reinstates previous CHP leadership, voiding 2023 decisions. - Istanbul stock exchange slumped over 6%, triggering a circuit breaker. - State lenders sold $6 billion to support the lira, half after the verdict. - Political analysts see the ruling as tightening President Erdogan's grip ahead of 2028 elections. - The CHP faces a judicial crackdown, including the jailing of Istanbul mayor Imamoglu. - Turkey's reserves are strained due to fallout from the Iran war and higher oil prices. - Financial Stability Committee may announce new measures to stem volatility.