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Grexit jitters hit regional markets
STI dips 0.3%; Hang Seng dives 3% but China stocks buck the trend as Beijing acts to stem three-week equity sell-off
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Published Mon, Jul 6, 2015 · 09:50 PM
JITTERS following an event-packed weekend when the Greek public voted against harsh bailout terms, hence thrusting markets into unchartered territory and raising the risk of a Grexit, weighed heavily on investor sentiment.
The benchmark Straits Times Index (STI) shed 9.8 points or 0.3 per cent to finish at 3,332.94.
The Greek concerns echoed elsewhere in the region with Japan's Nikkei 225 tumbling 2 per cent and Australia's ASX 200 falling one per cent. Hong Kong's Hang Seng was the day's stand-out loser, plunging 3 per cent.
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