World

Greek stock market suffers second day of losses as election risk remains

  • A man walks at the reception hall of the Athens' Stock Exchange as stock prices are on display on a ticker screen in Athens, Greece, on Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)

    A man walks at the reception hall of the Athens' Stock Exchange as stock prices are on display on a ticker screen in Athens, Greece, on Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)  (The Associated Press)

  • Two men check an index board at the reception hall of the Athens' Stock Exchange, in Athens, Greece, Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)

    Two men check an index board at the reception hall of the Athens' Stock Exchange, in Athens, Greece, Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)  (The Associated Press)

  • People make their way as stock prices are displayed on a ticker screen inside the Athens' Stock Exchange in Athens, Greece, Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)

    People make their way as stock prices are displayed on a ticker screen inside the Athens' Stock Exchange in Athens, Greece, Tuesday, Aug. 4, 2015. The Stock Exchange is suffering a second day of losses after reopening amid capital controls, with banks again suffering the worst damage. (AP Photo/Yorgos Karahalis)  (The Associated Press)

The Greek stock market is suffering a second day of losses since reopening, with banks shares down the most.

The main index was down 4 percent soon after the start of trading Tuesday. It fell 16.2 percent Monday, when it reopened after a five-week closure.

The plunge comes as Greece reels from the impact of limits on money withdrawals and transfers imposed June 29 to avoid a banking collapse as well as uncertainty over its negotiations for a new bailout.

Greece's government is relying on opposition party support for approval of new austerity measures demanded by bailout lenders, following a revolt by nearly one-fourth of its own lawmakers.

Government spokeswoman Olga Gerovasili said the government would not form a national unity government and described early elections as "likely."