Hong Kong stocks fall after Greek referendum results

The Hong Kong stock market tumbled in panic selling on Monday, 06 July 2015, amid uncertainty over Greece's future after Greece voted to reject the terms of its current bailout agreement. The benchmark index opened firmer and soared nearly 200 points before it plunged 1,314 points at one stage. The Hang Seng Index stumbled 827.83 points or 3.18% to finish at 25236.28 points. The index was down 11.3% since its April high, entering correction territory, defined as a drop of more than 10%. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, dropped 377.55 points, or 3%, to 12231.43 points. Turnover increased to HK$212.7 billion from HK$148.9 billion on Friday.

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