Global markets take a dive as Turkey downs Russian plane

London

STOCKS fell from Moscow to London, while Turkey's lira weakened after the country said it shot down a Russian jet near the Syrian border. The yen climbed with gold, and government bonds rose as investors sought havens.

Russia's Micex Index fell the most among equity gauges worldwide, and travel shares led the slide in European stocks. Turkey's lira was the biggest loser among 31 major peers tracked by Bloomberg, as the nation's main stock gauge headed for its biggest drop since August. Japan's currency reached its strongest level in a week against the dollar. Gold extended gains and oil rose, while the yield on Germany's two-year note fell to a record.