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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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Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction on Monday ahead of a big week for earnings, with around 200 prominent companies scheduled to report their quarterly earnings results.
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Australian Market Slashes Early Losses In Mid-market
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Asian Markets Track Wall Street Higher
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China Manufacturing Sector Ebbs In October - RatingDog
The manufacturing sector in China continued to expand in October, albeit at a slower rate, the latest survey from RatingDog revealed on Monday with a manufacturing PMI score of 50.6.
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Thai Shares Tipped To Open To The Upside
The Thai stock market has moved lower in consecutive trading days, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it's expected to open in the green on Monday.
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4s 19 dakika önce
Indonesia Bourse Tipped To Erase Friday's Losses
The Indonesia stock market on Friday snapped the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,160-point plateau, although it's likely to bounce higher again on Monday.
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