"Greece is certainly an element of uncertainty once again"
- Roland Schuermann, a trader at Luzerner Kantonalbank AG
Swiss stocks fell for a fourth consecutive day on Tuesday as newly elected Greek political parties struggled to form a government.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 1.03%, or 62.38 points, to 5,977.80. The broader Swiss Performance Index lost 1.10%, or 62.32 points, to 5,588.02.
"Greece is certainly an element of uncertainty once again, as it hasn't succeeded in forming a new government and there's a threat of new elections," said Roland Schuermann, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
"It's surely not conducive for the situation in Europe. The sentiment is rather weak at the moment."
© Dukascopy Bank