Istanbul mayor sentenced to more than 2000 years in prison, Turkish benchmark stock index plunges.

A Turkish prosecutor has requested over 2,000 years of imprisonment for Istanbul mayor Ekrem Imamoglu in a corruption case, potentially barring President Erdogan's strongest challenger from participating in the next presidential election. The 3,900-page indictment names 402 suspects and describes the prominent opposition figure Imamoglu as the "founder and leader of a criminal organization." Charges include bribery and corruption. Following the news, the Turkish stock market plummeted, with the Istanbul benchmark index dropping by 3.1% at one point in the afternoon. The index is on track for its largest daily decline since early September.