Hurriyet English with wires
OluÅŸturulma Tarihi: Temmuz 01, 2008 12:40
Turkey’s main share index closed down more than 5 percent on Tuesday as the new round of detainments increased the political risk perception and the weakness in global markets continue. (UPDATED)
The Istanbul main share index ended the day 5.3 percent weaker at 33,208.24 points, its weakest since July 2006.
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Benchmark bond yields rose to 22.67 percent in individual trade, their highest levels since October 2006. The average yield for the Jan. 13, 2010 was 22.52 percent.  Â
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Turkey's lira currency had also weakened to as far as 1.2400 against the dollar 1.3 percent weaker than Monday's closing level of 1.2235 after new round of detainments in the Ergenekon. Â
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"Turkey is in uncharted territory and we can't be sure what's going to happen," Emre Tezmen, managing director of Tera Stockbrokers, told Reuters, adding that it was the first time such high profile officials had been detained. "Turkey's politics are in chaos and meanwhile global markets are in terrible shape."
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