A money changer counts Turkish lira bills at an currency exchange office in central Istanbul, Turkey, August 21, 2015. REUTERS/Murad Sezer
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Turkish stocks rose to a three-week high and government bonds advanced as Moody's Investors Service's decision to extend its review of the country's credit rating drew investors chasing higher yields in emerging markets.The Borsa Istanbul 100 Index climbed 2.3 percent, the most in emerging markets, as Moody's said Friday it would keep assessing the medium-term impact of last month's failed coup, easing concern it would rush to downgrade Turkey to junk. The country's five-year bonds advanced for the first time in more than a week and the lira strengthened for a third day.The yield on Turkey's five-year government bonds fell 19 basis points to 9.62 percent.
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