'Greek shadow' spooks emerging equities

Emerging-market stocks headed for a three-month low and currencies weakened on concern Greece's rejection of austerity will spur its exit from the eurozone, damping demand for riskier assets.

The MSCI Emerging Markets Index lost 2.1 percent to 943.94 in morning trade in London. Hong Kong's Hang Seng China Enterprises Index sank 3 percent. The Shanghai Composite Index rose 2.4 percent amid efforts by the government to shore up equities. South Korean stocks lost 2.4 percent. Malaysia's ringgit slid to the weakest level since a dollar peg was scrapped in 2005. Currencies in Russia, Hungary and Poland fell at least 0.6 percent versus the dollar.

Sixty-one percent of voters backed Greek Prime Minister Alexis Tsipras's rejection of further spending cuts and tax increases in a referendum that has also taken the country to the brink of financial collapse.