The Turkish lira plunged to a record low against the dollar after Turkish authorities arrested the leaders of the main pro-Kurdish opposition party on Friday.
The currency is down by 1.9% at 3.1680 per dollar as of 12:31 p.m. ET.
The yield on 10-year government bonds climbed to a more than five-month high and Turkish equities fell the most in the world, according to Bloomberg data.
Citing officials, Reuters reports that the co-leaders of the Peoples' Democratic Party (HDP), Selahattin Demirtas and Figen Yuksekdag, were jailed pending trial after being held in overnight raids. Other lawmarkers were also detained, although some have since been released.
The FT also reports that a car bomb exploded near the courthouse that Selahattin Demirtas, one of the co-chairs of the pro-Kurdish People's Democratic party (HDP) who was detained, was to be brought into later on Friday.
The arrest of elected members of parliament, and the detention or suspension of more than 110,000 officials since a failed coup in July, may "go beyond what is permissible", the UN human rights office said, according to Reuters.
Federica Mogherini, the EU's foreign affairs head, said earlier that the bloc is very concerned by Turkey's arrest of the leaders and MPs.
—Federica Mogherini (@FedericaMog) November 4, 2016
As for the rest of the world, here's the scoreboard as of 12:38 p.m. ET:
- The US dollar index jumped into the green after the final jobs report before the election, ticking up by 0.2% to 97.34 in the immediate aftermath. It has since retraced its gains, and is down by 0.2% at 97.01. The latest jobs report showed that the US economy added 161,000 jobs in October, fewer than expected. However, the unemployment rate slipped to 4.9% and average hourly earnings rose by 2.8% year-over-year.
- The Mexican peso also climbed after the report, and is up by 0.5% at 19.0779 per dollar. The currency has had a topsy-turvy week, reacting violently to polling data on Donald Trump and Hillary Clinton.
- The British pound is higher by 0.5% at 1.2525 against the dollar — a third consecutive day of gains against the greenback. In fact, the pound has seen its best week since 2009, according to Bloomberg data.
- The Russian ruble is little changed at 63.5806 per dollar, although Brent crude oil, the international benchmark, is down by 1.8% at $45.52 per barrel.
