ISTANBUL Feb 4 Turkish markets were mixed on
Tuesday with shares dipping following heavy losses in global
markets over U.S. growth worries which dented investors'
appetite for emerging markets assets.
Lower-than-expected U.S. manufacturing data pointed to some
loss of steam in the world's biggest economy and sent U.S.,
Europe and Asian shares down.
Turkey's lira fell 17 percent in 2013 and extended its slide
this year as a graft scandal hit the government. This heightened
investor concern about political stability just as a gradual end
to U.S. monetary stimulus knocked appetite for emerging market
The central bank raised interest rates by around 500 basis
points at an emergency meeting last week despite government's
opposition, stunning markets and causing a spike in the
Turkey's lira was trading at 2.2650 against the
dollar by 0828 GMT, little changed from 2.2655 late on Monday.
It hit a record low of 2.39 last week.
The yield on the 10-year benchmark bond
fell to 10.19 percent from a close at 10.24 percent on Monday.
The main Istanbul stock index fell 0.79 percent to
61,161.68 points, outperforming a 1.35 percent fall in the main
global emerging market index.
Turk Telekom and carmaker Tofas were
expected to report foruth-quarter earnings after markets close
(Reporting by Seda Sezer; Editing by Ralph Boulton)