Istanbul's financial hub goal hampered by lightweight stock market

April 12, 2015 8:00 AM

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ISTANBUL, April 12 (Reuters) - Turkish President Tayyip Erdogan dreams of transforming Istanbul into a financial hub that can rival Dubai or Singapore, but first he needs to win over would-be investors like Ali Bahcuvan.

"I'd rather stay away from the stock market these days," said the 41-year-old internet entrepreneur. "The cost of trading has increased and that has hurt liquidity. The stocks I want to trade are all illiquid."

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