Turkish Lira, Stocks Tumble After Ankara Shooting

By Joseph AdinolfiMarketsMarketWatch 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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