Turkey Stocks Sink Most in World Amid Jitters Over Israel, Rates
- Stock exchange suspends trading twice as losses deepen
- Erdogan cancels Israel visit, calls Hamas liberators
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Turkish stocks tumbled the most in the world on Wednesday, with the pace of declines sparking two market-wide suspensions, as investors turned nervous over the potential for a further souring of the nation’s relationship with Israel as well as Thursday’s interest-rate decision.
The benchmark Borsa Istanbul 100 Index fell 7.1%, the biggest loss since the devastating February earthquakes, and was on course for the worst monthly decline in more than three years. Flagship carrier Turkish Airlines contributed most to the decline, with a 6.2% slide.