Turkey investors take fright at post-poll uncertainty

Istanbul

TURKISH investors on Monday took fright at a new period of political uncertainty after legislative elections, with shares tumbling over six per cent and the lira hitting a new record low against the dollar.

Turkey's central bank acted swiftly to give some support to the pressured Turkish lira, saying that it was pruning its short-term foreign exchange deposit rates effective Tuesday.

The Istanbul stock exchange's BIST 100 index plunged 6.20 per cent while the Turkish lira lost 4.0 per cent to trade at 2…