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The volatility prompted the government to unleash a wave of measures to stabilize markets.

In Hong Kong, the Hang Seng index added 0.4 per cent to 24,595.51 points.

The benchmark Hang Seng Index added 115.51 points to 24,619.45, on turnover of HK$115.27 billion (S$20.3 billion).

The impact on Chinese investors is direct, but for investors in the US, Europe and elsewhere, it’s not as simple.

China is now in a bear market. Fidelity Investments, which oversees the largest China funds outside of the mainland, says Chinese stocks are a buy following the selloff.

NEW YORK, July 10 (Reuters) – USA stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the euro zone.

The market turmoil may also prove a setback for Beijing’s lobbying for Chinese shares to be included in global indices such as MSCI’s Emerging Markets Index, which would draw in foreign capital. However it’s unlikely to seriously affect USA investors because...

In Hong Kong, stocks extended a recovery into a second day as the Hang Seng Index rallied 2.3%, while a gauge of Chinese companies listed on the city’s stock exchange, known as H-shares, rose 4.4%.

At 9:42 a.m. ET (1342 GMT) the Dow Jones industrial average was down 156.73 points, or 0.88 percent, at 17,620.18. Both HarperCollins and The Wall Street Journal are owned by News Corp. Greek Prime Minister Alexis Tsipras has until midnight to propose spending-cut plans.

The relative calm in mainland markets followed a barrage of government measures this week as policy makers scrambled to put a floor under a stock market that had tumbled around 30 percent in just three weeks, wiping trillions of dollars off the market value. The Shanghai Index...