Turkey turmoil sends ripples across world stock markets, euro falls
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. The lira fell as much as 14 percent against the dollar, chalking up its worst day since Turkey’s financial crisis of 2001. Bank shares across the continent fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European lenders’ exposure to Turkey.
