Turkey halted trades on the Istanbul bourse as this year’s second biggest selloff for the market triggered circuit breakers while the lira extended its drop to a fresh record low.
Trading of equities, equity derivatives and debt repo transactions were automatically halted twice within an hour after the Borsa Istanbul 100 index fell as much as 7% on Friday.
The benchmark ended the day 8.5% lower, its biggest drop since March when the firing of then-central bank Governor
Turkish equities were on a tear for much of the last four ...