Egypt’s bourse plummets on protest fears

Trading has been temporarily suspended on Egypt's stock exchange after the benchmark index fell over 6 percent for a second consecutive day as fears mounted over anti-government protests in the country.

The benchmark EGX30 index dropped 6.25 percent within 15 minutes of the market's open Thursday. The index had dropped over 6.1 percent on Wednesday, the second day of protests in which demonstrators called for President Hosni Mubarak's ouster.

Traders said investors had hoped the crisis would end by Wednesday but fresh clashes that day and expectations of a mass demonstration on Friday have largely undercut hopes for a quick solution to the turmoil.

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