The Turkish lira’s sharp drop and tough trade talk from President Trump are putting pressure on stock markets around the world. While U.S. stocks have held up well, helped by strong corporate earnings reports, there are a number of companies whose shares have fallen dramatically.
Last week’s turmoil showed no signs of letting up on Monday.
More on Turkey and international trade fears:
• Stock-market investors should see this Turkish crisis as a buying opportunity
• Strategists see 4 ways out of Turkey’s currency crisis
Here’s a chart showing the value of the Turkish lira TRYUSD, -8.1720% in U.S. dollars this year: