Saturday, August 11, 2018

Turkey's financial crisis has erupted and may stoke contagion.

https://www.bloombergquint.com/markets/2018/08/10/turkish-lira-collapses-as-investors-panic-before-erdogan-address#gs.OQaSmGw

There is a high possibility that Turkey's financial crisis may cause a wipeout of Temasek's investment in Turkey's companies.

European banks will also suffer because of this fallout.
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2 comments:

  1. Eric HoAugust 11, 2018 at 4:00 PM

    Turkey lira has already fallen by 70% this year.

    ReplyDelete
  2. Eric HoAugust 13, 2018 at 3:04 PM

    https://sg.finance.yahoo.com/news/asian-markets-tumble-turkish-lira-033547370.html

    ReplyDelete