Swiss Stocks Fall, Led By Transocean

(RTTNews) - Swiss stocks were slightly lower Tuesday in thin trade, with Transocean resuming its dramatic downtrend on falling crude oil prices.

Political uncertainty in Greece had markets on edge all day.

The Swiss Market Index slipped 0.57 percent to 8,983.37, having recently tested 7-year highs near 9,200.

Transocean shares fell more than 2 percent. Other losers included financials Swiss Re, Baloise, Swiss Life, Credit Suisse and Zurich Insurance.

A proposed board member of Sika is withdrawing his candidacy. The company was recently acquired by French firm Saint-Gobain. Shares eased 1 percent.