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Athens (AFP) - 08:52 GMT - All eyes on ECB - All eyes were on the European Central Bank following the resounding 'No' in the Greek referendum, with the ECB seen as the only institution capable of calming market panic and preventing the Greek economy from collapsing. For the Frankfurt-based ECB, a break-up of the eurozone would be the worst possible scenario and it has pulled out all the stops so far in a bid to prevent it. - Media reports are focusing on Euclid Tsakalotos, an Oxford-educated economist and current Greek economic relations minister, as a possible replacement for Varoufakis.
Despite growing concerns about Athens' place in the eurozone, the single currency rallied after Greece's combative Finance Minister Yannis Varoufakis announced his shock resignation just hours after winning Sunday's referendum. Hong Kong plunged 3.18 percent, or 827.83 points, to 25,236.28 -- wiping out a 0.70 percent rise in the opening minutes that came on the coat-tails of the mainland gains.