Friday, March 28, 2008

Turkish lira hit 7-month low, stocks fell %2 due to political uncertainty

"Turkish lira hit 7-month low, stocks fell %2 due to political uncertainty
Turkey's currency ans stocks fell sharply on Friday to its weakest level since September 11, 2007, as local investors joined the foreign funds in selling lira amid increased political uncertainty. Lira fell below 1.30 against dollar, weakening more than 2 percent. Istanbul benchmark stock exchange lost 2 percent in value and ended below the 40,000 points mark. "

More:Turkish lira hit 7-month low, stocks fell %2 due to political uncertainty