Turkish assets rally among Emerging Markets despair

Turkish stocks gained 1 per cent after eight weeks of decline hit a low point last week following the dismissal of Prime Minister Ahmet Davutoglu brought the lira down 4.5 per cent.

Turkey's economy has suffered due to the country's bombings of Kurdish militants in Iraq, the ailing of prominent opposition journalist, and a delay in the immigration deal with the European Union.

Despite the modest stock gain, the overall emerging market outlook remains desperate under a dark global economy.


Read more at Reuters.