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Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
(RTTNews) - The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
Erdogan attained 52 percent of the vote in the second round of voting, whereas his opponent Kemal Kilicdaroglu got 47.86 percent.
The win gives him another five-year term, extending power until 2028.
The Turkish lira touched a record low of 20.07 against the greenback from yesterday's close of 19.87.
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Turkish Lira Falls To 4-week Low Against U.S. Dollar
The Turkish Lira fell against the U.S. dollar in the New York session on Thursday, despite a 500 basis-point hike by the Turkish central bank.
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782 дней спустя
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
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2ч 14мин назад
Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Wednesday, following the mixed cues from Wall Street overnight, amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. Traders largely shrugged off worries about the economic impact of the shutdown. Asian markets closed mixed on Tuesday.
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2ч 20мин назад
Sensex, Nifty Seen Higher At Open
Indian shares are seen opening a tad higher on Wednesday, tracking mostly positive cues from global markets.
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2ч 52мин назад
Mild Rebound Anticipated For Thai Stock Market
The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it's expected to move back to the upside again on Wednesday.
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3ч 28мин назад
Indonesia Shares Poised To End Losing Streak
The Indonesia stock market has moved lower in back-to-back sessions, slumping almost 30 points or 0.4 percent along the way. The Jakarta Composite Index now sits just above the 8,360-point plateau although it's expected to find traction on Wednesday.
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3ч 58мин назад
Japanese Market Slightly Higher
The Japanese stock market is trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 50,900 level, with gains in automakers and financial stocks partially offset by weakness in technology stocks.
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3ч 58мин назад
Higher Open Anticipated For Hong Kong Shares
The Hong Kong stock market has moved higher in two straight sessions, advancing almost 450 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 26,700-point plateau and it's expected to open to the upside again on Wednesday.
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4ч 13мин назад
