EMERGING MARKETS-Turkey woes cause LatAm sell-off; emerging mkt stocks enter bear market
August 15, 2018 at 10:51 AM EDT
Latin American equities and currencies slid across the board on Wednesday, as continued jitters about Turkey's lira currency helped boost the dollar, sparking a global sell-off in emerging market assets and commodities. The lira, a major focus for markets in recent days, bounced as much as 8 percent as authorities tightened the screws on foreign investors aiming to short the currency. But, having firmed beyond 6 per dollar, most early gains fizzled out.