Lira Slides With Stocks After Bombing Near Turkish-Syrian Border
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Turkey’s lira fell the most of any currency worldwide and stocks slid after the nation’s deadliest bombing attack in two years fanned concern violence will escalate and speculation grew the ruling party will fail to form a coalition.
Turkey’s currency and its equity benchmark posted their biggest declines in three weeks after a bombing at a cultural center in Suruc near Turkey’s border with Syria killed at least 28 people. The bomb struck a group of young activists preparing to cross the Syrian border to reach the Kurdish stronghold of Kobani, devastated during months of fighting last year with Islamic State.