Monday, November 29, 2010

Turkish Shares Slump to 2-Month Low on Europe Debt; Lira Weakens - Bloomberg

"Turkish Shares Slump to 2-Month Low on Europe Debt; Lira Weakens
By Steve Bryant - Nov 29, 2010 6:31 AM ET

Turkish shares fell to the lowest in two months and the lira declined amid doubt an aid package for Ireland will end concern for debt in other European countries.

The main ISE National 100 Index fell 982.32, or 1.5 percent, to 65,165.45 as of 1:07 p.m. in Istanbul. That’s the benchmark’s third day of declines and the lowest intraday level since Oct. 4. Turkey’s lira depreciated 0.5 percent to 1.4949 per dollar, its weakest since September."

More:Turkish Shares Slump to 2-Month Low on Europe Debt; Lira Weakens - Bloomberg