LONDON (MarketWatch)
Greece's ASE Composite index closed at the lowest level
since late November 1992 on Tuesday amid growing political concerns in the
country
The index fell 3.6% at 620.54, after tumbling nearly 7% on Monday
following elections over the weekend
Antonis Samaras, leader of the
conservative New Democracy, failed to form a coalition government, opening a
door for the anti-austerity party, Coalition of the Radical Left, which has
vowed to renegotiate the country's bailout conditions
The turmoil in Greece
also weighed on other European stock markets and the Stoxx Europe 600 index
was
off 1.3% at 251.43
France's CAC-40 index lost
2.6% to 3,129.44, while the German DAX 30 index traded
1.7% lower at 6,459.82
The U.K. FTSE 100 index 1.3% to 5,582.11
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