HSBC Turkey

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HSBAK

Turkish assets weaken after manufacturing index drops to 5-year low

Turkish assets has sunk after a survey showed a contraction in the country’s manufacturing sector in July, with the index at its lowest in more than five years.

The dolar/lira ratio surpassed 2.15 level in the afternoon trading, touching its highest level in one-and-a-half-month, as the lira continued to slip against the U.S. currency.

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