Turkish lira recovers in Asian trading after coup bid

The lira rose by as much as 2.2% in intraday trading 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)