Turkish Lira, Stocks Tumble After Ankara Shooting

By Joseph Adinolfi Markets MarketWatch Pulse

The Turkish lira declined against the U.S. dollar on Monday after the Russian ambassador to Turkey was shot by a lone gunman at an art gallery in Ankara. The dollar rose 0.7% to trade at 3.52 lira, compared with 3.51 lira late Friday in New York. Turkish stocks also sank, with the iShares MSCI Turkey ETF , a popular vehicle for U.S. investors to gain exposure to Turkish stocks, down 2% at $31.91 in recent trade. Russia has deemed the shooting a terrorist attack. Russia's currency, the ruble, as well as the country's stock markets were only marginally impacted by the attack. The dollar weakened modestly against the ruble, declining 0.3% to 61.89 rubles, compared with 62.07 late Friday in New York. Meanwhile, Russian stocks were little-changed.

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