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Fallout from the Turkish lira's meltdown is starting to spread to markets around the world
9 days ago - By Business Insider
Matt Dunham - WPA Pool/Getty Images
Global markets are under pressure following the plunge in the Turkish lira late last week.
The lira's fall continued in Asian trade on Monday - it plunged as much as 10% when markets opened.
The weakness is starting to spread to other emerging market currencies, with the South African rand crashing by as much as 10% against the greenback.
Stock markets around Asia are lower, US stock futures are down, and high quality bonds are rallying.
You can follow the lira price live on Markets Insider .
Global markets are selling off following last Friday's...
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