Egypt: Government resigns

Egypt’s stock market rose 0.26 percent after news of the government’s departure to 8029.37 points, reversing losses from earlier in the day.

Mursi’s removal triggered a political crisis in Egypt’s modern history,with security forces accused of killing hundreds of Brotherhood supporters, jailing thousands and putting top leaders on trial.

Compounding the instability, Islamist militants based in the widely lawless Sinai Peninsula have stepped up attacks on police and soldiers, killing hundreds.

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