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Transcripts For BLOOMBERG Countdown 20160718

A very warm welcome to countdown. I am anna edwards. Manus i am manus cranny. There is a relief rally in the turkish lira. A tremendous level of volatility we have seen since the close of business on friday, a military coup attempt in turkey. If you want to understand volatility, this is it. The oneday move on friday, comingmazing pictures from turkey you saw the lira really take a hit. The market saw the biggest drop, turkish air dropping the most in eight years. We recouped some of those losses. Of question is the flight capital, will it continue, or erdogans grip on power convince investors . Goldman sachs say they have lowered their lira forecast. Anna its a country with a big current account deficit. That is why the flow of assets really matters for the company. The country. The government is trying to reassure investors internationally. We will see how stocks do. Wey analysts pointed out havent always seen a sustained hit to the turkish equity market postcoup. Market the ringgit,

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