Athens - Greek stocks extended their losses on Wednesday, plunging 8.5 percent after the new anti-austerity government called for a "fair" re-negotiation of the country's multi-billion-euro bailout, with banking stocks hit particularly hard.
The main banks had collectively lost nearly a quarter of their market capitalisation in late afternoon trade.
National Bank plummeted 27.2 percent and Piraeus Bank lost 28.4 percent.
Overall, the market slumped to 716 points with an hour of trading left, having closed at 783 points, or nearly 3.7 percent lower, on Tuesday.
AFP
