Turkey ETF Plummets on Mounting Lira Concerns
This article was originally published on ETFTrends.com.
The Turkey country-specific exchange traded fund was among the worst performers Monday, with Turkey’s lira currency touching new record lows, as a diplomatic row between Turkey and U.S. added to the volatility. The iShares MSCI Turkey ETF (NasdaqGM: TUR) declined 6.5% Monday. Further weighing on the Turkish markets, the U.S. Dollar strengthened 3.9% against the [...]