Emerging-market stocks rose for the first time in four days as Apple Inc. suppliers led a gauge of technology shares to a record on bigger-than-estimated shipments of iPhones. Russia’s equities sank the most globally.
The lira dropped for a third day against the dollar after Economy Minister Nihat Zeybekci said inflation will fall to around 6 percent by the end of the year, spurring speculation the government will push for lower rates.
Mandatory ticket-payment cards for Turkey’s soccer league are spurring protests from fans who say the passes could be used for surveillance, while forcing them to pay the bank running the system a commission on every sale.
The Turkish lira’s post-election rally is over as investors shift their focus from Prime Minister Recep Tayyip Erdogan’s victory last month to companies needing to repay their foreign-currency debts, the top forecaster said.