Friday, May 13, 2011

Turkish Stocks Have Biggest Week Loss Since February on Deficit - Bloomberg

"Turkish Stocks Have Biggest Week Loss Since February on Deficit
By Benjamin Harvey and Steve Bryant - May 13, 2011 12:55 PM ET

Turkish stocks slumped the most in two months, sending the ISE National 100 Index (XU100) to its biggest weekly drop since February, on concern the current-account deficit may worsen, forcing the central bank to tighten monetary policy. The lira weakened and bond yields rose."

More:Turkish Stocks Have Biggest Week Loss Since February on Deficit - Bloomberg