The fear of Grexit is also being felt on the Asian stock exchanges, but the umpteenth collapse of the main Chinese stock market seems to be linked primarily to the bursting of the speculative bubble inflated in recent months on the Dragon's financial centre.
At 8 Italian time there Shanghai Stock Exchange - after starting negotiations up 2% - it dropped 3%, despite the Chinese central bank cutting its discount rate by 0,25% on Saturday (to 4,85%). Already on Friday the price list had recorded a 7% drop, which brought the loss from 12 June to around 20 percentage points.
as to Tokyo Stock Exchange, the drop was 2,88%, with the Nikkei index at 20.109,95 points (down 596,2 points), after the failure of Athens' latest negotiations with its creditors.
THEeuro, down sharply, fell below the threshold of 1,1 against the dollar, to then recover slightly, while against it the yen strengthened by 4,5%, around an exchange rate of 134, the highest in five weeks .
