Egypt stocks tumble after trading halted

The Egyptian Exchange's benchmark index plunged Tuesday, with investors taking their cues from other international markets taking a beating on fears that the downgrade in the US's credit rating could trigger a new global recession.

The EGX30 was down almost 6 percent by 12:15 pm, with investors resuming their sell-off even after trading was suspended for 30 minutes to help cool the market. (AP)