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Chinese small investors look for way out of stocks

BEIJING- Shares in big Chinese state companies have soared after weekend promises of government action to halt a slide in stock prices, but many others sank as jittery small investors tried to cut their losses. The market benchmark closed up 2.4 percent on Monday but was down 27 percent from its June 12 peak. Shares of state companies such as PetroChina Ltd.,...
Source: The Associated Press
WRAPUP 2-Greek finance minister quits to smooth talks after 'No' vote

ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, a self-proclaimed "erratic Marxist" economist who infuriated euro zone partners with his...
Source: Reuters | By: Renee Maltezou and John O'Donnell
WRAPUP 3-Chinese stocks rise as Beijing's emergency support brings relief

*China stocks surge at opening, close up 2-3 pct. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said it wasn't...
Source: Reuters | By: Samuel Shen
China stocks buck regional selloff in volatile trade

China was the lone bright star in Asia on Monday, after a 'No' vote in Greece ignited a wave of risk aversion in the regional stock markets.
Source: CNBC.com | By: See Kit Tang
China stocks end higher after unprecedented rescue efforts

SHANGHAI, July 6- China's key stock indexes showed signs of stabilizing on Monday, rising close to 3 percent, in response to unprecedented rescue measures announced over the weekend. The CSI300 index of China's biggest companies also gave up most of its early gains, to end 2.9 percent firmer at 3,998.54 points. Market supportive measures unveiled over the...
Source: Reuters
Asia markets' Grexit turmoil: Surprise and relief?

The shock results from Greece's referendum on Sunday sent Asian markets into a tailspin, but analysts seemed relieved that the impact wasn't worse.
Source: CNBC.com | By: Nyshka Chandran
WRAPUP 1-Greek finance minister quits after voters reject bailout terms

ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. With banks shuttered, cash machines running out of banknotes and sympathy for Athens among EU governments close to...
Source: Reuters | By: Renee Maltezou and John O'Donnell
China equity deals surged through market chaos

*HK, China equity raisings $20.6 bln during market fall. *89 companies raised equity in HK, China in the three-week period. Equity fund raisings in Hong Kong and China totalled $20.6 billion in the past three weeks from 89 companies, nearly triple the volumes clocked at the New York Stock Exchange, according to Thomson Reuters data, and dwarfing London's $1.5...
Source: Reuters | By: Elzio Barreto and Denny Thomas
China blue-chip stocks up on rescue moves; Hong Kong slumps on Greece fears

SHANGHAI, July 6- China's key stock indexes opened more than 7 percent higher on Monday but ended morning trade less than 3 percent up, as investors used the rebound to dump small caps, casting doubt on how effective fresh market rescue measures will be. China's CSI300 index was up 2.5 percent, to 3,983.83 points at the end of the morning, while the Shanghai Composite...
Source: Reuters
WRAPUP 2-Chinese stocks rise after Beijing unleashes emergency support

*China stocks surge at opening, settle up more than 2 pct. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said...
Source: Reuters | By: Samuel Shen