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.

Click on picture to enlarge

But after that initial pop, Chinese stocks are weak too.

Click on picture to enlarge

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.

Click on picture to enlarge

US equity futures are tumbling, down 9 points but off the initial lows for now.

Click on picture to enlarge

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