Turkish lira weakens on concerns of escalation in Syria

• The lira stood at 6.0595 at 1520 GMT, weakening from a close of 6.0170.
• Earlier, it declined as much as 0.79pc to 6.0650, its weakest level in regular trading since May 28.

ISTANBUL: Turkey's lira weakened nearly 0.8pc on Wednesday to its lowest point since last May, after President Tayyip Erdogan warned Syrian government forces against targeting more Turkish soldiers in northwestern Syria.

The death of 13 Turkish soldiers in Idlib province in just one week as a result of shelling by Syrian government forces has raised concern of wider conflict between the neighbouring countries.

The lira stood at 6.0595 at 1520 GMT, weakening from a close of 6.0170.

Earlier, it declined as much as 0.79pc to 6.0650, its weakest level in regular trading since May 28.