Egypt's political foes dig in their heels

CAIRO (AP) - Supporters and opponents of Egypt's president on Sunday grew more entrenched in their potentially destabilising battle over the Islamist leader's move to assume near absolute powers, with neither side appearing willing to back down as the stock market plunged amid the fresh turmoil.

The standoff poses one of the hardest tests for the nation's liberal and secular opposition since Mr Hosni Mubarak's ouster nearly two years ago. Failure to sustain protests and eventually force Mr Mohammed Mursi to loosen control could consign it to long-term irrelevance.

Clashes between the two sides spilled onto the streets for a third day since the president issued edicts that make him immune to oversight of any kind, including that of the courts.

A teenager was killed and at least 40 people were wounded when a group of anti-Morsi protesters tried to storm the local offices of the political arm of the president's Muslim Brotherhood in the Nile Delta city of Damanhoor, according to security officials.