Turkish lira recovers in Asian trading after coup bid
29.05.2020 08:58
Turkey's currency is rising against the US dollar in Asian trading after the government thwarted an apparent military coup over the weekend.
The lira rose by as much as 2.2% in intraday trading
as investors' fears about the political situation in Turkey eased.
as investors' fears about the political situation in Turkey eased.The currency tumbled by nearly 5% on Friday following news of the coup.
Meanwhile, Asian stocks are mostly higher on speculation that more central banks will announce stimulus measures.
In Australia, the ASX/200 edged up 0.2% while South Korea's benchmark Kospi is trading flat.
The Hang Seng index in Hong Kong and the mainland Shanghai Composite are both higher.
Japan's markets are closed for a public holiday.
(BBC)
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