Update | Hong Kong tumbles to biggest single-day fall since 2011; Chinese shares close mixed as stimulus boost short-lived

Hong Kong stocks had its sharpest one-day fall since November 2011 as investors turned risk averse due to worries a Greek vote to reject an aid-for-reform package from its creditors raised the risk of a euro currency break-up.

The benchmark Hang Seng Index lost 827.83 points, or 3.18 per cent, to finish at 25,236.28. That is the largest single-day fall of the market since November 10, 2011, when the it lost 1,050 points.

Equity markets in China finished mixed on Monday, with Shenzhen stocks losing ground and Shanghai shares clawing their way to positive territory as the sweeping weekend stimulus package launched by Beijing failed to pull markets from the beraish grip of a three week long rout.

The benchmark Shanghai Composite Index added 2.41 per cent, or 89 points, to finish at 3,775.91, after rising as much as 7.8 per cent at open.

The Shenzhen Component Index, which is comprised of more smaller and medium-sized companies, lost 1.39 per cent, or 170.29, to close at 12075.77.

ChiNext, which is the country’s version of the tech-heavy Nasdaq board in New York, dropped 4.28 per cent, or 111.45 points, to 2493.83.