Futures drop, global stocks slump after Greece closes banks

June 29, 2015 7:01 AM

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Futures drop, global stocks slump after Greece closes banks

U.S. stock futures dropped Monday and global stock markets slumped after Greece closed its banks and imposed capital controls in its struggle with debt.

In Asia, Japan’s Nikkei 225 index plunged 2.9% and Hong Kong’s Hang Seng index dropped 2.8%. The Shanghai Composite fell 3.2%.

Also read: ECB relaxes rule of bond lending to avoid repo squeeze

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