A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. (REUTERS/Sertac Kayar)
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Turkey's lira and stocks rose Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows.Chinese blue-chips closed 1.4 percent lower while Saudi Arabia's riyal weakened on rising tensions between Riyadh and the West over the disappearance of journalist Jamal Khashoggi.However gains for Russia's ruble and Turkey's lira kept the MSCI index of emerging market currencies steady.Turkey's lira gained for a second day after the release and return of a detained U.S. pastor, Andrew Brunson, offered relief to the currency that has shed more than 35 percent in value this year. The country's BIST 100 stock index rose 1.3 percent, led by a rally in the banking shares ahead of a central bank meeting next week.
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