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Massive Earthquake in Turkey

by S. Jack Heffernan Ph.D
written by S. Jack Heffernan Ph.D

A devastating 7.8 magnitude earthquake struck central Turkey early Monday morning, according to USGS, followed by several powerful aftershocks felt all across the region. The jolts caused a widespread destruction with multiple multi-storey buildings collapsed, according to disturbing footage captured by witnesses.

Multiple buildings collapsed, reportedly burying people under the rubble

Across the border in Syria, several residential buildings reportedly collapsed in Aleppo as well as the city of Hama, according to local media. The quake was so powerful that shakes were felt all across the region, as far as Israel, Lebanon and Cyprus.

The quake happened around 4:16 am local time and was centered some 30 kilometers from Gaziantep, a major provincial capital with a population of over 2 million people.

There was no immediate estimate of casualties, but according to Turkish media reports, multiple buildings were damaged or destroyed across Gaziantep and the neighboring provinces of Diyarbakir and Malatya, with their residents feared trapped under the rubble.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.

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