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Turkish lira's free-fall rocks equity markets, euro falls

Daily Mail

NEW YORK/LONDON, Aug 10 (Reuters) - A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. European shares and a gauge of global equity markets fell more than 1 percent, while stocks on Wall Street were down about half as much. German stocks slid 2 percent. The lira fell as much as 18 percent against the dollar in its worst day since Turkey's financial crisis of 2001. The plunge followed a deepening rift with the United States, worries about its own economy and lack of action from policymakers. President Tayyip Erdogan told Turks to swap gold and dollars into