Dasha's Feed
Jun 12, 2015

Doubts over Turkish coalition hopes pressure lira, stocks

ISTANBUL (Reuters) – Turkish assets slipped on Friday as investors fretted over the risk of an early election, with doubts over the viability of a governing coalition despite a rallying cry from President Tayyip Erdogan.

The lira plunged to new record lows on Sunday after parliamentary polls which saw the AK Party lose its majority and the pro-Kurdish HDP hurdle a 10 percent electoral threshold.