MARKETS-ASIA/CLOSE Asia shares fall, China market rout continues

Record ID: 148553

  • Title: MARKETS-ASIA/CLOSE Asia shares fall, China market rout continues
  • Date: 3rd July 2015
  • Summary: TOKYO, JAPAN (JULY 3, 2015) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ALARMING AT CLOSING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE ENDED AT 20539.79 UP 17.29 VARIOUS OF TSE STAFF WORKING VARIOUS OF ROTATING STOCK PRICE TICKER SEOUL, SOUTH KOREA (JULY 3, 2015) (REUTERS)
  • Embargoed: 18th July 2015 13:00
  • Keywords:
  • Location: China
  • Country: China
  • Topics: General
  • Reuters ID: LVA53F55OE5SLFQB69VI0FDAGYNJ
  • Aspect Ratio: 16:9
  • Story Text: Asian stocks fell on Friday (July 3) as Chinese stocks extended their plunge and growing caution ahead of Greece's referendum prompted investors to cut risky bets.
    Japan's Nikkei share average rose 0.1 percent to 20,539.79 after losing as much as 0.4 percent. The broader Topix gained 0.2 percent to 1,652.09.
    In South Korea, the Korea Composite Stock Price Index (KOSPI) edged down 0.1 percent to 2,104.41 points, breaking a three-day winning spree. For the week, the index gained 0.7 percent.
    Hong Kong stocks also fell, with sentiment soured by slumping shares in China and the Greek debt crisis. The Hang Seng index fell 0.83 percent to 26,064.11.
    In Shanghai, the Shanghai Composite Index closed at down 5.77 percent at 3686.92. The Shenzhen Composite Index was down 5.24 percent at 12246.06.
    The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock markets.
    Caution reigned ahead of Greece's Sunday (July 5) referendum on an international bailout deal that could ultimately determine whether it stays or not in the eurozone.
    The International Monetary Fund warned on Thursday (July 2) that Greece would need an extension of its European Union loans and a potentially a large debt writeoff if it cannot implement economic reforms and its growth slows.
  • Copyright Holder: REUTERS
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