Turkish Stocks Sink to Lowest Since January, Reversing 2019 Gain

(Bloomberg) -- Turkey’s benchmark stock gauge slumped, led lower by banks, as the country’s currency fell for a third day after authorities ordered a re-run of mayoral elections in Istanbul.

The Borsa Istanbul 100 index fell as much as 2.5 percent and was down 2 percent as of 10:15 a.m. local time, set for its lowest close since January and reversing gains for 2019.

Turkish Stocks Sink to Lowest Since January, Reversing 2019 Gain

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