"Once again, President Erdogan's political agenda has inflicted serious damage on Turkey's economic outlook," one analyst note read.
Despite the crackdown, opposition activists promise to ‘not back down’, urging more people to take to streets.
Ekrem Imamoglu, who was set to be Erdogan's main rival in the 2028 election, was formally arrested and charged with corruption.
Protesters gather for a sixth night in Istanbul after city Mayor Ekrem Imamoglu's arrest.
President Erdogan’s arrest of his chief rival has shaken investors’ confidence
Protests against the arrest of Istanbul mayor Ekrem Imamoglu, who denies corruption charges, continued on Sunday.
Ekrem Imamoglu’s supporters have chosen him to run anyway
Court orders Imamoglu, a key rival to President Erdogan, jailed pending the outcome of a trial on corruption charges.
Court orders Imamoglu, a key rival to President Erdogan, jailed pending the outcome of a trial on corruption charges.
Ekrem Imamoglu, a rival of Turkish President Recep Tayyip Erdogan, has been charged with corruption.