Asian shares slide on Greek \\\'no\\\' vote
Monday, 6 July 2015
Asian stock markets headed lower after Greek voters overwhelmingly rejected austerity demands from creditors in Sunday's referendum. The euro fell across the board after Greece rejected the conditions of a bailout package, increasing the odds of the country's exit from the eurozone. It was at $1.1014 against the dollar in Asian trade, having recovered slightly from one-month lows hit earlier. Hong Kong's Hang Seng was down 3.5% at 25,142.56 - leading Asia's losses. Japan's Nikkei 225 ended 2.1% lower at 20,112.12. In South Korea, the benchmark Kospi index closed down 2.4% at 2,053.93 - posting its biggest daily loss in three years. Meanwhile, Australia's S&P/ASX 200 index finished 1.1% lower at 5,475. Mainland Chinese shares surged nearly 8% in morning trade. Shanghai Composite was 1.3% higher at 3,735.79 in afternoon trade. The euro fell 1.5% to a six-week low of 133.70 yen. Major commodities such as oil were also down, with the price of Brent crude falling more than 1% to $59.56 a barrel in Asian trade, according to BBC.