** iShares MSCI Turkey ETF TUR.O drops 7.8% to $30.68, a nearly two-year low
** Fund on track for weekly losses of over 20%, set for worst week since August 2018
** Slump sparked by market turmoil following Turkish authorities' detainment of Istanbul mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, on Wednesday
** Opposition in Turkey calls move a coup attempt
** Turkish stocks .XU100 tumble, main index on track for worst week since 2008 financial crisis, dollar bonds drop
** Index of bank stocks .XBANK drops 9.6%; banking stocks make up about 20% of TUR's holdings, as per iShares data
** Central bank also suspended its one-week repo auction and hiked overnight lending rate to 46%, dashing hopes for a rate cut in April
** Paris-listed Amundi MSCI Turkey UCITS ETF LTUR.PA down 8% and set for worst week since March 2021
** TUR ETF trading at over 8% discount to net asset value, as per data compiled by LSEG
** Week's losses have erased TUR's 2025 gains; fund now down over 14% YTD
(Reporting by Lisa Pauline Mattackal)
((LisaPauline.Mattackal@thomsonreuters.com;))
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