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Turkish Stocks Sink to Lowest Since January, Reversing 2019 Gain

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

To contact the reporter on this story: Filipe Pacheco in Dubai at fpacheco4@bloomberg.net

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Paul Jarvis

©2019 Bloomberg L.P.