Turkish Giant Falters: Heavy Reliance on India Triggers 20% Market Crash After Strategic Shift
After pulling out of India, Turkish company Kordsa’s shares crashed 20%, revealing deep economic dependence. Full analysis from history to present impact. Turkish Conglomerate Kordsa’s Exit from India Sparks Market Panic: A Deep Dive into Historical Ties and Financial Fallout The Turkish stock market witnessed a sharp tremor this week when Kordsa Teknik Tekstil A.ล. (KORDS) , a leading Turkish industrial reinforcement giant, saw its shares plummet by nearly 20% . The reason? A critical strategic decision to halt or reduce its operations in India . The company’s shares closed at 2,224 Turkish Lira on the Istanbul Exchange , marking a 10% decline from its previous record —a reflection of investor concerns over the firm’s overdependence on the Indian market. The sudden downturn not only shook investor confidence but also raised questions about the company's global diversification strategy and long-term sustainability. This article presents a comprehensive, plagiarism-free analysis o...