Winners and losers from the Turkey crisis [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
The dramatic fall in the Turkish lira over the last few days has rattled global markets, even though experts don't expect the troubles facing Turkey to trigger the next financial crisis. Turkey accounts for less than 1 percent of the world economy and global exposure to the Turkish banking sector is also small, experts said. Spanish banks are the most exposed to the Turkish financial system, but they constitute just 4.5 percent of overall assets, according to data by the Bank for International Settlements and J.P. Morgan Asset Management. show chapters The numbers there don't really worry me. I think it's more about sentiment, Sat Duhra, a portfolio manager at Janus Henderson Investors, told CNBC's Squawk Box on Wednesday. He added that developments in Turkey have added more fuel to the fire at a time when investors are increasingly jittery over escalating trade disputes, rising interest rates in the U.S. and China's softer eco
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