Ad
Istanbul stock exchange lost almost 6 percent and the Turkish Lira hit a new low on Monday because of political uncertainties. (Photo: tayfun)

Turkish markets hit by election results

Turkey faced a near market crash on Monday (8 June) after ruling Justice and Development Party (AKP) failed to win a majority in Sunday's general election, raising fears about the country's political stability.

The Istanbul stock exchange opened with an 8 percent loss Monday morning and lost almost 6 percent at the close, while the Turkish Lira lost 5 percent and reached a new low, at 2.75 Lira for 1 Dollar and 3.11 for 1 Euro.

The Lira's fall was contained by Turkey's central ban...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Istanbul stock exchange lost almost 6 percent and the Turkish Lira hit a new low on Monday because of political uncertainties. (Photo: tayfun)

Tags

Ad

Related articles

Ad
Ad