The euro fell to an 11-year low of $1.1098 on the vote outcome before recovering to $1.1186, still down 0.2% from last week.
The election was the second blow since last week for the euro, still smarting after the European Central Bank unveiled a huge bond-buying stimulus programme.
European shares are expected to take a beating, with spreadbetters seeing a fall of 1.0-1.1% in Germany's DAX and other core countries. Southern European countries could see a fall of almost 2%.
As concerns grew that the Greek election results could lead to renewed instability in Europe, US stock futures fell 0.5% in Asia. Japan's Nikkei closed down 0.3%, and MSCI's broadest index of Asia-Pacific shares outside Japan was also off 0.3%
Safe-haven assets were in favour, with the 30-year US bonds yield hitting a record low of 2.336%. The 10-year notes yield fell 5 basis points to 1.759%.
The Swiss franc rose 0.4% to 0.87684 to the dollar while the yen edged up to 117.60 to the dollar.
Syriza leader Alexis Tsipras is set to form the first euro zone government that is openly opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis.
Renegotiating with other euro zone governments could even raise the risk of Greece eventually leaving the currency union, though most market players expect Tsipras to eventually make compromises to avoid the so-called "Grexit".
Indeed, the broad consensus in the markets is that any renewed tensions over Greece are unlikely to hurt broader investor sentiment much beyond an initial shock.
Unlike at the height of the debt crisis in 2011-12, European banks now have limited exposure to Greece, and European policymakers have frameworks to deal with indebted countries, analysts say.
"At the moment, the market believes that if there is any (debt) restructuring it would only involve the official sector and for now, the possibility of Greece leaving the euro zone even with the incoming government is small," said Sebastien Galy, senior foreign exchange analyst at Societe Generale in New York.
The ECB's plan to pump more than a trillion euro into the banking system in the coming year and a half is underpinning risk sentiment, which boosted European share prices to seven-year highs on Friday.
On the other hand, US stocks slipped on Friday, partly because strength of the dollar dented the allure of the relatively sound US economy.
"Economic data out of the US seems to have lost a little bit of momentum lately. Quietly the impact of a strong dollar is starting to appear," said Tohru Yamamoto, chief strategist at Daiwa Securities.
The dollar rose more than 5% so far this year against a basket of major currencies, hitting the highest level since 2003.
That could encourage the Federal Reserve to remain "patient" in raising interest rates, when it holds a policy meeting on Tuesday and Wednesday.
Elsewhere, oil prices also started the week weaker, with US crude futures falling 0.9% to $45.17 per barrel, near 5 1-2/year low of $44.20 hit earlier this month.
Oil prices blipped up briefly on Friday after the death of Saudi Arabia's King Abdullah sparked speculation that the world's biggest crude exporter could change its policy not to slash output despite relentless price falls.
But the rises were short-lived as new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday, pledging continuity in energy policy.
Copper dropped below its trough hit on Jan. 14, slipping to as low as $5,345 per tonne , its lowest level in 5 1/2 years.
http://www.business-standard.com/article/reuters/global-stocks-euro-slip-as-greece-set-to-reject-austerity-115012600197_1.html
