Malaysian Turkey-linked stocks fall as lira plunges


Falling lira: The Turkish lira has dropped more than 36 this year, according to Reuters. — Reuters

PETALING JAYA: The unfolding economic crisis in Turkey is sapping investor appetite for two large Malaysian firms with significant business operations in the country.

Shares in IHH Healthcare Bhd and Malaysia Airports Holdings Bhd (MAHB) were battered yesterday after the Turkish’ lira plunged to a new record low against the US dollar.

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Business , Turkey , IHH , MAHB , economic crisis , currency , lira , economy , shares ,

   

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