Asian Market Update : Epic Research Malaysia

Asian stocks mostly fell on Monday after Greek voters rejected more austerity demands from creditors, fuelling fears the country will crash out of the eurozone, but the euro recovered from initial losses as dealers wait for European leaders' next move.

In a separate drama, Chinese shares surged almost eight percent in the first few minutes of trade after Beijing introduced measures to support mainland markets, which have plunged by a third over the past three weeks.

Despite warnings from European leaders that Sunday's referendum was effectively an in-out poll on the euro, more than 60 percent of the voters heeded the government's call to vote "No", sending traders running for the doors.

Tokyo fell 1.34 per cent, Seoul shed 0.74 per cent, Sydney lost 1.33 per cent and New Zealand was off 0.80 per cent.

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