Turkish Liras Freefall Sends Shockwaves Through World Equity Markets

Video : Turkish Liras Freefall Sends Shockwaves Through World Equity Markets

According to a report by Reuters, on Friday, a drop in the Turkish lira rocked global equities and emerging markets as fear of further fallout sent investors scurrying for safety in assets like the yen and US government bonds. In its worst day since Turkey’s financial crisis of 2001, the lira fell as much as 18 percent against the dollar, following a deepening rift with the United States. Watch video for more details.