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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
Bloomberg business news

Putin: Won't Tolerate Crimes Such As Warplane Crash

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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.