Polls said that Erdogan would get 49.5% of the vote, but he got more than that. The divisive presidential campaign has caused Turkish markets to go up and down.

Turkey will have a second round of voting because President Recep Tayyip Erdogan didn't get enough votes in the first round to win. The 69-year-old wants to stay in power for another 20 years. On May 28, he will face Kemal Kilicdaroglu, who is 74, in another election because he did better than polls expected. Turkish stocks and bonds fell, and the cost of covering the government's debt against a failure went up. This surprised investors who were betting that Erdogan's unusual economic policies, like keeping interest rates well below inflation, would end soon.