Samsung Electronics shares tumbled as much as 4 percent to a four-and-a-half month low in Asia on Monday, after more brokerages slashed their second quarter profit outlook for the electronics giant, citing persistent weakness in the micro-chip market.

In Egypt, the Muslim Brotherhood was celebrating on Sunday as its candidate for president was duly announced the winner of presidential elections held last weekend.

Mohamed Morsi was declared Egypt's first freely elected president, sparking joy among his supporters on the streets who vowed to wrest more power from ruling military generals reluctant to cede ultimate control.

GB;FTSE News & Analysis

 Europe Shares Close Lower on Fed Fears - 2 hrs ago - CNBC.COM

 Early Movers: HD, BBY, URBN, DELL & More - 4 hrs ago - CNBC.COM

 A Setback Too Far: G4S Chief Departs - 8 hrs ago - CNBC.COM

 Burberry Profit Rises 14% Helped by China Demand - 10 hrs ago

 G4S Chief Buckles to Step Down - 10 hrs ago

 More GB;FTSE News