Breathing space for Turkish markets after turmoil

Breathing space for Turkish markets after turmoil
Turkish bank shares regain some ground. Pic: Getty

Turkish banking shares rose as much as 5.3 per cent on Tuesday, snapping a three-day losing streak that wiped out almost 17 per cent of their market value. The lira also jumped 5 per cent

Turkish policy makers’ steps to support the financial system helped bolster investor confidence and gave the nation’s markets a much-needed breather on Tuesday.

Turkish banking shares rose as much as 5.3 per cent, snapping a three-day losing streak that wiped out almost 17 per cent of their market value. The lira also jumped 5 per cent, paring its losses over the past month to 26 per cent, while the yield on 10-year government bonds fell by...

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