June 6, 2015 | UBS | Turkey holds general elections tomorrow. In our view there are two key uncertainties: 1) whether HDP, the Kurdish Party, will be able to cross the 10% hurdle required to qualify for parliament, thereby securing 55-60 seats mainly at the expense of the ruling AKP 2) whether the AKP is able to secure enough seats (276) to form a single-party government. Market seems to be pricing in the maintenance of status quo.