Turkish Stocks Tumble Most in World as Downed Jet Heightens Risk
- Lira is worst performer in emerging markets, credit risk rises
- Stocks tumble most in five months as Putin warns about ties
Putin: Won't Tolerate Crimes Such As Warplane Crash
This article is for subscribers only.
Turkish stocks fell the most worldwide and the lira led emerging-market currencies lower as the downing of a Russian jet in Syria threatened to escalate tension between the two nations.
Russian President Vladimir Putin warned of “very serious consequences” for relations after Turkey said its military shot down a Russian warplane that violated its airspace near the border with northwestern Syria. The action is the first time in decades that a North Atlantic Treaty Organization member has downed a Russian military aircraft.