The total market capitalization of China's stocks is now over 40% the size of the US stock market and topped $10 trillion for the first time in history. This represents at 8-fold increase in Chinese market cap since Lehman.
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But after that initial pop, Chinese stocks are weak too.
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Meanwhile in other markets the EUR is notably lower against the JPY and USD but appears to be protected from a plunge for now hovering at 138.40 and 1.1200 respectively after the Greek Deal failure news.
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US equity futures are tumbling, down 9 points but off the initial lows for now.
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Of course there is great incentive for some plunge protection tonight to SHOW the world that Grexit contagion is contained and nothing to worry about.
Charts: Bloomberg
