Turkey’s Economic Woes Raise Tensions in Egypt

Cairo’s stock market hits a yearly low amid an insider-trading probe and fears about emerging-market contagion

A financial crisis is continuing to unfold in Turkey. The WSJ's Gerald. F. Seib looks at three important reasons why you should care about Turkey's economic troubles. Photo: Getty

CAIRO—Turkey’s economic crisis has heightened concerns in Egypt about whether the Arab world’s largest country—which is wrestling with some of its worst economic woes in years—is positioned to withstand falling confidence in emerging markets world-wide.

Egypt’s stock market has touched its lowest point of the year in recent days, a selloff triggered by an insider-trading probe that has ensnared people associated with two of the nation’s largest investment houses.

...