Bourse in nosedive opening

Greece’s benchmark stock index fell by more than 7 percent in early morning trading on Monday, after the country’s main parties failed to win enough votes to form a ruling coalition following elections on Sunday.

The Athens bourse was down 7.7 percent at 636.67 points in early trading, while the Greek banking index slumped by more than 19 percent, although early trading volumes were very thin. [Reuters]