MIDEAST STOCKS-Gulf markets hit by Turkey turmoil, banks roiled | Reuters:
Gulf stocks fell on Sunday, pressured by general weakness across emerging markets as investors steered clear of assets perceived as risky due to a diplomatic and economic spat between the United States and Turkey.
The Turkish lira plunged last week after U.S. President Donald Trump doubled tariffs on Turkish steel and aluminium imports. On Friday, the lira fell 18 percent to a record low.
Other geopolitical factors, such as the reintroduction of U.S. sanctions on Tehran, as well as the diplomatic dispute between Saudi Arabia and Canada, added further pressure to the markets.
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