Fresh COVID-19 cases dent sentiment in Asia, Turkish lira surges – Up News Info

Article content Turkey's lira recovered from near record lows on Monday, as the country lifted some COVID-19 restrictions, while gains in most other emerging market assets were capped by concerns over rising virus cases in Asia, and disappointing Chinese data. The lira rose about 1.4% to 8.3256, leading gains across Europe, the Middle East and Africa (EMEA), after the government said it will allow movement during the day after a strict lockdown imposed nearly three weeks ago. The currency was set for its best day since early April, as it recovered from levels close to an all-time low of 8.5789….