Turkish lira recovers in Asian trading after coup bid
10:56 • 18.07.16
Turkey's currency is rising against the US dollar in Asian trading after the government thwarted an apparent military coup over the weekend, the BBC reports.
The lira rose by as much as 2.2% in intraday trading as investors' fears about the political situation in Turkey eased.
The currency tumbled by nearly 5% on Friday following news of the coup.
Meanwhile, Asian stocks are mostly higher on speculation that more central banks will announce stimulus measures.
In Australia, the ASX/200 edged up 0.2% while South Korea's benchmark Kospi is trading flat.
The Hang Seng index in Hong Kong and the mainland Shanghai Composite are both higher.
Japan's markets are closed for a public holiday.
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