Turkish firm Celebi's shares crash 10% after India cancels security clearance
The shares of Turkish company Celebi Hava Servisi AS crashed 10% on Friday after India revoked the security clearance of its subsidiary in India. The security clearance was revoked "in the interest of national security" amid rising boycott calls for Turkey after Turkey supported Pakistan in the India-Pakistan conflict. The stock extended its losses to nearly 30% in four sessions.