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Turkish assets weaken as Turkey hits back at Syria

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By Imad Uddin
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liraISTANBUL: Turkey's lira weakened to 1.8040 against the dollar on Thursday after Turkish artillery hit targets inside Syria in response to a mortar bomb fired from Syria which killed five Turkish civilians.

 

The lira stood at 1.8040 against the dollar, from 1.7966 late on Wednesday.

 

The yield on the two-year benchmark bond rose to 7.68 percent in over-the-counter trading, after closing at 7.58 percent on Wednesday.

 

"The reaction in the market shows anxiety over Syria," said one bond trader.

Copyright Reuters, 2012

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