Turkey’s stocks fell after
coordinated terror attacks at one of Europe’s busiest airports threatened to
deal another blow to the nation’s struggling tourism industry.
The Borsa Istanbul 100 Index
lost 0.2 percent at 9:33 a.m. in Istanbul, led by Turkish Airlines and airport
operator TAV Havalimanlari Holding AS, after three suicide bombers killed at
least 36 people and wounded about 150 at Turkey’s main international airport.
Prime Minister Binali Yildirim said early
investigations indicated Islamic State was likely responsible. The lira gained
0.4 percent to 2.8940 per dollar.
The attacks are the latest
in a series of blows to the nation’s tourism industry, which last month saw the
biggest slump in visitor numbers on record. Security in Turkey has deteriorated
amid the spill over from Syria’s civil war and an escalating conflict with
separatist Kurdish militants. Foreign citizens are among the dead and injured,
although the majority were Turks.
Turkish Airlines, which
suspended all flights until 8 a.m. local time, retreated 3.2 percent, and TAV
sank 4 percent.
Credit:Blomberg
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