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World stocks hit one-month low as Turkish rout spreads

World stocks hit one-month low as Turkish rout spreads

World markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the dollar. As Sonia Legg reports, banks dragged European shares down as the crisis shook investor confidence in lenders exposed to the country.

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