Egypt ETF Tanks 8% After Violent Anti-Mursi Protests
Egypt's stock market and ETF crashed Monday following days of violent protests across the country against President Mohammed Mursi's move to give himself sweeping new powers. In afternoon trade, Market Vectors Egypt Index ETF (EGPT) -- the only ETF tracking that country solely -- gapped down 8.09% to 12.95, a four-month low. It was the ETF's largest one-day plunge in more than a year. EGPT broke below the key 200-day moving average for the first
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