Thursday, February 25, 2010

Turkey Risks Worst Currency Slump on Army Arrests, Options Show

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJeqR.xzcjxM&pos=7

Investors are selling Turkish assets after the country weathered the worst global recession since the 1930s better than some European Union members, as Hungary required a bailout and Greece’s and Spain’s borrowing costs soared. Turkey’s dollar bonds rallied 16 percent in the 12 months after the collapse of Lehman Brothers Holdings Inc. in September 2008, the biggest gain among European benchmarks. Turkey’s ISE shares index jumped 31 percent, the world’s fourth-best performing equity gauge for the period, Bloomberg data show.

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