Asia stocks hesitant as bonds boosted by Turkish tumult

Asia stocks hesitant as bonds boosted by Turkish tumult

The Edge Markets - World·2021-03-22 15:06

SYDNEY (March 22): Asian stocks turned mixed and bonds bounced on Monday as a plunge in the Turkish lira sparked talk that capital controls might be needed to stem the rout, though the wider fallout was relatively restrained for the moment.

The US dollar was trading almost 12% higher versus the lira at 8.0520, the sharpest move since August 2018 when Turkish markets were in another of their periodic crises.

……

Read full article on The Edge Markets - World

Business Stocks

Comments

Leave a comment in Nestia App