12/12/2016, 9:55 AM (Source: TeleTrader)
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Turkish stocks, lira drop in aftermath of bomb attack

Shares of Turkish companies and the country's currency fell on Monday following twin blasts in Istanbul two days earlier – a car bomb and suicide attack – which took 41 lives and left scores of people wounded. The government of president Recep Tayyip Erdoğan is trying to consolidate power with constitutional reform, while fighting Kurdish rebels in domestic territory and clamping down on political opponents. It has also stepped up its military operations in neighboring war-torn Syria. 

The Dow Jones Turkey Titans 20 Index dropped 1.05% to 773.82 points at 9:36 a.m. CET, just little more than one point above the session low. The gauge is still up 7.83% against the level from one year ago. The lira fell 1.2% against the dollar at 9:47 a.m. CET, to change hands for 3.5280. At the same time, the Turkish currency was down 1.16% at 3.7291 against the euro. Earlier it weakened to 3.5495 and 3.7505, respectively.

Baha Breaking News (BBN) / IT