(Bloomberg) -- Turkey's lira fell the most in seven months and bonds and stocks slumped after the military threatened to block the ruling party's presidential candidate because of his support for Islamist causes.
The lira fell 2.43 percent, trading at 1.3678 to the dollar at 6:16 p.m. in Istanbul. Yields on lira-denominated government debt maturing in February 2009 rose 81 basis points to 19.14 percent. The benchmark stock index declined 4 percent, erasing $7.8 billion in stock market value.
Read more at Bloomberg Emerging Markets News
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