Turkish Stocks, Lira Retreat as Moody’s Reviews Spanish Rating
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Turkey’s main share index declined for the first time this week after Moody’s Investors Service put Spain’s debt rating on review for a possible downgrade, reducing appetite for riskier emerging-market assets.
The ISE National 100 dropped 821.33, or 1.2 percent, to 65,688.38 as of 12:57 p.m. in Istanbul. The lira depreciated 0.4 percent to 1.5189 per dollar. A close at that level would be the weakest since Aug. 31.