President Recep Tayyip Erdogan on Wednesday appointed himself the chairman of Turkey's sovereign wealth fund and named his son-in-law and Finance Minister Berat Albayrak as deputy chairman. 

The sell-off on Asian markets extended into Wednesday with investors fearing an escalation in the US-China trade row after Beijing said it planned to impose anti-dumping sanctions worth billions on Washington.

Russian President Vladimir Putin on Tuesday said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia's relations with the West deteriorate.

Wall Street stocks mostly fell early Tuesday on worries about U.S. trade conflicts with several countries.

China is planning to ask the World Trade Organization next week for permission to impose sanctions on the United States over anti-dumping practices taken against some Chinese products.

European and U.S. stock markets slid Tuesday on fears of a new escalation in the burgeoning trade war between China and the United States, dealers said.

European equities rose Monday as the far-right failed to make as large gains as expected in Swedish elections, with investors appearing more relieved about the dampening prospects of a "Swexit" than concerned about domestic political deadlock in the EU nation.

Top trade officials from the U.S. and EU met on Monday to begin efforts to turn a much heralded deal to avert a trade war into a concrete long-term agreement.

Turkey's economic growth slowed to 0.9 percent in the second quarter, official statistics showed on Monday, with further declines expected as the impact of the slide in the value of the lira begins to show up in the data.

Argentine President Mauricio Macri's government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply.