EMERGING MARKETS-Turkish lira at record low, EM stocks slide



Oct 13 The Turkish lira slid to a record low, the South African rand lost over one percent and emerging equities tumbled to three-week depths on Thursday after weak Chinese data and Fed minutes that signalled a rate hike.
The Turkish lira lost 0.65 percent against the dollar after the government signalled it would revive plans to push through an executive presidential system.
"The return of the risk that (President Tayyip) Erdogan is actually very much focused on his agenda of pursuing the executive presidency ... is a negative," said Roxana Hulea, an emerging markets strategist... read more

 
13 October 2016 in World News, Views: 32
Source: Reuters
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