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Turkish Stocks Cap Best Streak Since 2012 as Risk Appetite Grows

  • Benchmark equity gauge defies bomb blast to gain 11th day
  • Government bonds advance for 5th day; Lira depreciates
Updated on

Turkey’s stocks posted the longest rally in almost four years as a suicide bombing in Ankara did little to deter investors betting the country stands to gain from renewed appetite for emerging-market assets.

The Borsa Istanbul 100 Index climbed 0.9 percent at the close, extending its winning streak to 11 days. That last happened in June 2012, and the gauge has only once risen 12 straight days, in 1993. The yield on 10-year government bonds dropped a fifth day to 10.12 percent, the lowest since December.