Political fears cause Egyptian stock market tumble
POSTED: Monday, November 26, 2012 - 10:00am
UPDATED: Monday, November 26, 2012 - 10:04am
NBC News — Growing political fears in Egypt are taking a toll on the country's financial markets. Cairo's stock market plunged 4% immediately after opening monday.
The downslide continued through the morning trading session with the market down more than 7% by mid-day. Traders are nervous that a move by newly elected President Mohammed Morsi to consolidate his power may trigger a second revolution in the country.