Turkey's failed military coup may prompt some flight to safe-haven assets on Monday but there will only be a more serious longer-term impact for investors if instability persists in the strategically important emerging market. Turkey's government said on Sunday it was in full control of the country and economy. The authorities rounded up nearly 3,000 suspected military plotters and the same number of judges and prosecutors after forces loyal to President Tayyip Erdogan crushed the coup, in which at least 290 people were killed.
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