Good morning! Here's what you need to know in markets on Monday. 1. Global markets are selling off following last Friday’s collapse of the Turkish lira. China’s benchmark Shanghai Composite index immediately fell by more than 1% after the opening bell — a fall matched by similar declines in Hong Kong and South Korea. Shares in Japan are also down more than 1.6%, weighed down by a stronger yen as money moves to safe-haven assets. 2. The Central Bank of the Republic of Turkey (TCMB) has issued a statement pledging to maintain stability in the financial system.