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| Version 2 | Version 3 |
|---|---|
| Mainland Chinese shares recover losses | Mainland Chinese shares recover losses |
| (35 minutes later) | |
| Mainland Chinese shares continued their way higher as more measures to strengthen the market from its recent rout encouraged investors to return. | Mainland Chinese shares continued their way higher as more measures to strengthen the market from its recent rout encouraged investors to return. |
| The Shanghai Composite closed up 2.4% to 3,970.39, rebounding nearly 20% from the four-month low hit on Thursday. | |
| The latest measures from regulators involved cracking down on "grey-market" margin lending, which is flooding the market with leveraged stock bets. | The latest measures from regulators involved cracking down on "grey-market" margin lending, which is flooding the market with leveraged stock bets. |
| They will also clamp down on investors creating fake trading accounts. | They will also clamp down on investors creating fake trading accounts. |
| Regulators said some institutions and individuals were opening fake accounts using other people's identities. | Regulators said some institutions and individuals were opening fake accounts using other people's identities. |
| The Shanghai market is still down more than 20% from its peak in mid-June when its three-week sell-off began, prompting the government to intervene with support measures. | |
| In Hong Kong, the Hang Seng index was up 0.2% to 24,948.48 points. | In Hong Kong, the Hang Seng index was up 0.2% to 24,948.48 points. |
| Greece deal hopes | Greece deal hopes |
| Most Asian shares were higher on hopes for a deal for Greece, despite an emergency summit ending with still no resolution and more deadlines in the debt crisis. | Most Asian shares were higher on hopes for a deal for Greece, despite an emergency summit ending with still no resolution and more deadlines in the debt crisis. |
| Uncertainty about Greece's future in the bloc led the euro to fall initially, down to $1.089. But it recovered losses to trade at $1.1146 in the afternoon. | Uncertainty about Greece's future in the bloc led the euro to fall initially, down to $1.089. But it recovered losses to trade at $1.1146 in the afternoon. |
| The Nikkei ended up 1.6% to 20,089.77 points after losing 3.7% last week. | The Nikkei ended up 1.6% to 20,089.77 points after losing 3.7% last week. |
| The euro fell 1% to a low of 135.45 Japanese yen in early trade, but bounced up to 136.65 on rumours that the European Central Bank had agreed to delay a Greek repayment of €3.5bn, which had been due on 20 July. | The euro fell 1% to a low of 135.45 Japanese yen in early trade, but bounced up to 136.65 on rumours that the European Central Bank had agreed to delay a Greek repayment of €3.5bn, which had been due on 20 July. |
| In Australia, the S&P/ASX 200 index closed down 0.3% to 5,473.20, while South Korea's Kospi index finished 1.5% higher at 2,061.52. | In Australia, the S&P/ASX 200 index closed down 0.3% to 5,473.20, while South Korea's Kospi index finished 1.5% higher at 2,061.52. |
| The benchmark index saw its biggest daily rise in three months. | The benchmark index saw its biggest daily rise in three months. |
| Shares of Hotel Shilla were up 2.3% after it and partners Hyundai Development Engineering & Construction and Hanwha Galleria Timeworld won licences to operate duty-free stores in downtown Seoul. | Shares of Hotel Shilla were up 2.3% after it and partners Hyundai Development Engineering & Construction and Hanwha Galleria Timeworld won licences to operate duty-free stores in downtown Seoul. |