International Investing
turkey stock exchange

Even for This Year's Best Stock Indexes, Still Room to Go

Turkey, Hong Kong, Poland and Hungary have all risen more than 20 percent, with Istanbul’s bourse ahead of the pack showing a near 40 percent increase.

By Cormac Mullen

(Bloomberg) --This year’s best-performing stock indexes are showing no signs of fatigue, according to analyst price targets that project more gains. Turkey, Hong Kong, Poland and Hungary have all risen more than 20 percent, with Istanbul’s bourse ahead of the pack showing a near 40 percent increase. That index has upside of about 12 percent, while South Korean stocks offer scope for 20 percent -- possibly enough reason for fund managers to add to portfolios in a flurry of “window-dressing” as the end of the fourth quarter draws near.

 

To contact the reporter on this story: Cormac Mullen in Dublin at [email protected] To contact the editors responsible for this story: Samuel Potter at spot[email protected] Eric Coleman

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