(Bloomberg) -- Turkey's benchmark stock gauge slumped, led lower by banks, as the country's currency fell for a third day after authorities ordered a re-run of mayoral elections in Istanbul.
The Borsa Istanbul 100 index fell as much as 2.5 percent and was down 2 percent as of 10:15 a.m. local time, set for its lowest close since January and reversing gains for 2019.
Read: Turkey Orders Istanbul Vote Rerun After Erdogan Rejects Defeat
To contact the reporter on this story: Filipe Pacheco in Dubai at fpacheco4@bloomberg.net
To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Paul Jarvis
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