Turkish stocks jump 2.3 percent

Posted by 7Star Sunday, March 7, 2010

Turkish stocks staged a late rally on Friday as investors took better-than-expected US jobs data as a good sign for global equities, while bond yields hovered close to a 2010 high on fears of domestic inflation. The Istanbul share index jumped 2.3 percent, closing at 52,625.63 points after trading flat most of the day. It outperformed the MSCI index of emerging market stocks.

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