ERDOGAN HAS EDGE
The results reflected deep polarization in a country at a political crossroads. The vote was set to hand Erdogan’s ruling alliance a majority in parliament, giving him a potential edge heading into the runoff.
Opinion polls before the election had pointed to a very tight race but gave Kilicdaroglu, who heads a six-party alliance, a slight lead. Two polls on Friday showed him above the 50% threshold.
The country of 85 million people – already struggling with soaring inflation – now faces two weeks of uncertainty that could rattle markets, with analysts expecting gyrations in the local currency and stock market.
“The next two weeks will probably be the longest two weeks in Turkey’s history and a lot will happen. I would expect a significant crash in the Istanbul stock exchange and lots of fluctuations in the currency,” said Hakan Akbas, managing director of Strategic Advisory Services, a consultancy.
“Erdogan will have an advantage in a second vote after his alliance did far better than the opposition’s alliance,” he added.
A third nationalist presidential candidate, Sinan Ogan, stood at 5.3% of the vote. He could be a “kingmaker” in the runoff depending on which candidate he endorses, analysts said.
The opposition said Erdogan’s party was delaying full results from emerging by lodging objections, while authorities were publishing results in an order that artificially boosted Erdogan’s tally.
Kilicdaroglu, in an earlier appearance, said that Erdogan’s party was “destroying the will of Turkey” by objecting to the counts of more than 1,000 ballot boxes. “You cannot prevent what will happen with objections. We will never let this become a fait accompli,” he said.
But the mood at the opposition party’s headquarters, where Kilicdaroglu expected victory, was subdued as the votes were counted. His supporters waved flags of Turkey’s founder Mustafa Kemal Ataturk and beat drums.
