China stocks up in morning trade despite Greek vote
Monday, 6 July 2015
Mainland Chinese shares surged nearly 8 per cent in the early hours of trading on Monday morning despite the rest of Asian markets trading lower on Greece's rejection of austerity demands. The Shanghai Composite was up 2.6pc to 3,783.69 after the government announced measures over the weekend to stabilise the tumbling stock markets. In an unprecedented move, brokerages and fund managers vowed to buy massive amounts of stocks backed by the state. But, Japan's Nikkei 225 was down 1.3pc to 20,281.99 on Greece's "no" vote, according to BBC.