Turkish Markets Fall on Brexit Rout While Rate-Cut Bets Unwind

  • Yield on 10-year debt has biggest jump since January
  • Stocks fall most since November, lira exceeds 3 per dollar

Turkish assets slid after the U.K.’s vote to leave the European Union roiled world markets and threatened to undermine the confidence of the international investors it relies on to finance its current-account deficit.

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