FILE - In this July 23, 2012 file photo, a broker sits in front of 3 blank screens at the Stock Exchange in Madrid. Trading was suspended Monday Aug. 6, 2012 due to a technical problem. (AP Photo/Paul White, File)
FILE - In this July 23, 2012 file photo, a broker sits in front of 3 blank screens at the Stock Exchange in Madrid. Trading was suspended Monday Aug. 6, 2012 due to a technical problem. (AP Photo/Paul White, File)
FILE - In this July 23, 2012 file photo, workers try to get a screen working at the Stock Exchange in Madrid. Trading was suspended Monday Aug. 6, 2012 due to a technical problem. (AP Photo/Paul White, File)
MADRID (AP) ? Trading on Madrid's stock exchange resumed Monday after a five-hour blackout that was blamed on a technical problem.
The benchmark Ibex 35 shot up when trading began again just before 3 p.m. (1300 GMT). It was trading 4 percent higher about two hours later.
The Ibex lists major global companies like Inditex, the owner of the Zara clothing retailer, as well as banking group Santander and telecoms operator Telefonica.
An exchange spokesman, Jesus Merino, said technical problems had caused the breakdown in trading but he could give no further details.
Spain's stock market has been convulsed in recent months as investors reacted to the ups and downs of the country's economic crisis.
The government is desperate to avoid having to seek a sovereign financial bailout but its problems are mounting daily. Debt is rising and unemployment is near 25 percent.
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