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(Bloomberg) Turkey’s lira weakened after President Recep Tayyip Erdogan’s ruling party suffered a shock defeat at local elections on Sunday, with control of many of Turkey’s cities, including Istanbul and Ankara, going to the opposition. Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldChina Factory Activity Expands for First Time in Six MonthsBridgewater CEO's Turnaround Hinges on Wooing Restless

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