Turkish stocks traded as much as 2 percent higher and the lira hit a two-month high Monday after Prime Minister Tayyip Erdogan's party claimed victory in local elections. Turkey's BIST 100 opened 1.95 percent higher adding to the 8.5 percent gains seen in the last week, before easing. As of 11:30 am London time, the BIST was trading over 0.5 percent higher after Erdogan's Justice and Development Party (AKP) took around 46 percent of the vote in the nationwide election. The lira also firmed
Reported by FXstreet.com 4 hours ago.
↧
