Asian Shares Euro Trampled As Turkish Rout Spreads


SYDNEY – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen.

The run from risk dragged MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.3 percent to a five-week low. Japan’s Nikkei lost 1.6 percent with every bourse in the region in the red.

EMini futures for the S&P 500 were off 0.4 percent, while 10-year Treasury yields dipped further to 2.85 percent.

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