Egypt stocks jump, trade suspended briefly

Egypt's MENA news agency says authorities halted trading on the country's stock exchange for half an hour after shares surged on the declaration of Islamist Mohammad Morsi as president.

The temporary halt came after the EGX100 index rose more than 5 percent, triggering a "circuit breaker" designed to prevent drastic market fluctuation. Monday's investor optimism also helped the benchmark index EGX30 jump by 6.7 percent. (AP)