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Turkish currency's freefall rocks world equity markets, euro

Reuters  |  NEW YORK/LONDON 

By Herbert Lash and Ritvik CarvalhoNEW YORK/LONDON (Reuters) - A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.European shares and a gauge of global equity markets closed down more than 1 percent, while Wall Street also fell, though not as much. Germany's DAX index slid 2 percent. The lira fell as much as 18 percent against the dollar in its worst day since Turkey's financial crisis of 2001. The plunge followed a deepening rift with the United ...

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First Published: Sat, August 11 2018. 02:33 IST