- Monaco take top spot in Ligue 1 with win at Rennes
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
- Mexico City's new mayor sworn in with pledges on water, housing
- Israel on alert ahead of Hamas attack anniversary
- Guardians maul Tigers in MLB playoff series opener
- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
- Visiting UN refugee agency chief decries 'terrible crisis' in Lebanon
- Spinners come to party as England defeat Bangladesh at T20 World Cup
- Search continues for missing in deadly Bosnia floods
- Man City sink Fulham to get title bid back on track
- France's Auradou whistled on Pau return in Perpignan loss amid ongoing rape case
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Arsenal hit back in style after Southampton scare
- Hezbollah heir apparent Safieddine out of contact after strikes
- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
- DR Congo launches mpox vaccination drive, hoping to curb outbreak
- Trump returns to site of failed assassination
- Careless Leverkusen held to Bundesliga draw
- O'Brien's 'superstar' Kyprios posts landmark win on Arc weekend
- Liverpool suffer Alisson injury blow
- Habosi helps Racing beat Vannes before Auradou's playing return
- Thousands march in London in support of Palestinians, 1 year after Oct 7
- Israel readying response to Iran missile attack
- Schutt, Mooney help Australia beat Sri Lanka in Women's T20 World Cup
- Liverpool extend Premier League lead with win at Palace
- Djokovic 'shakes rust off' to make third round of Shanghai Masters
- 'Imperfect' PSG fighting on all fronts - Luis Enrique
- Struggling Pakistan look to thwart adaptable England
- Child 'trampled to death' in asylum seekers' Channel crossing: minister
- Gauff fights back to set up Beijing final against Muchova
- Guardiola claims Premier League won't delay season for Man City
- Israel to mark October 7 attack as Gaza war spreads
- Gauff fights back to reach China Open final
- Recovering Stokes ruled out of first Pakistan Test
- Hezbollah battles troops on border as Israel pounds Lebanon
- Alcaraz, Sinner breeze into third round of Shanghai Masters
- Bagnaia wins Japan MotoGP sprint to cut Martin's lead
- Alcaraz breezes into third round of Shanghai Masters
- Gaza cultural heritage brought to light in Geneva
- 'Bullet for democracy': Trump returns to site of rally shooting
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- South Korean cult-horror series 'Hellbound' returns at BIFF
- Nepalis fear more floods as climate change melts glaciers
- Honduras arrests environmentalist's alleged murderer
Asian stocks tumble on global anxieties over inflation
Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report.
Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's economic slowdown and the war in Ukraine.
Wall Street on Friday saw a brief lift in equities after the US Labor Department reported that the world's largest economy added a better-than-expected 428,000 jobs in April, with the unemployment rate remaining at a low 3.6 percent.
But it still finished lower, with the S&P 500 dropping 0.6 percent, while the other two US indices also dipped at the close of Friday -- with the Nasdaq suffering the most at 1.5 percent.
The losses globally capped a volatile week, though markets were briefly lifted due to temporary relief after the Federal Reserve hiked borrowing costs 50 basis points -- the most since 2000.
Any short-term outlook is bound to be "messy", said Diana Mousina, a senior economist at AMP Investments.
"There may be more downside as markets worry about a significant economic slowdown or 'hard landing' and aggressive interest-rate hikes," she wrote in a note according to Bloomberg.
The United States' fierce monetary tightening -- combined with the news of more restrictions in China -- has continued to send traders running for the hills.
Lockdowns across dozens of Chinese cities -- from the manufacturing hubs of Shenzhen and Shanghai to the breadbasket of Jilin -- have wreaked havoc on supply chains over recent months, crushing small businesses and trapping consumers at home.
Equities fell in Australia, Singapore, Seoul and Tokyo on Monday, while China's two mainland indices -- Shanghai and Shenzhen -- were also lower. Hong Kong's stock exchange was closed for a public holiday.
"Given the unsettled backdrop of the Ukraine War and China's economic woes, it is challenging for the Fed to aggressively raise interest rates without dropping the US economy into a sinkhole," said Stephen Innes of SPI Asset Management.
"Questioning the ability of central banks to lean against inflation effectively remains a significant source of angst... The longer this goes on, it will drive even higher investor anxiety levels and pressure stocks lower."
Crude prices rebounded Friday after key producers led by Saudi Arabia and Russia refused to lift output more than their planned marginal increase as they weighed tight supply concerns caused by Moscow's invasion of Ukraine.
But by Monday, it had lowered slightly -- likely due to "broader market anxieties suggesting recessionary concerns", Innes said.
- Key figures at around 0230 GMT -
Tokyo - Nikkei 225: DOWN 2.2 percent at 26,410.30 (break)
Hong Kong - Hang Seng Index: Closed for a holiday
Shanghai - Composite: DOWN 0.6 percent at 2,999.67
Brent North Sea crude: DOWN 0.4 percent at $111.92 per barrel
West Texas Intermediate: DOWN 0.5 percent at $109.18 per barrel
Euro/dollar: DOWN at $1.0512 from $1.0556 on Friday
Pound/dollar: DOWN at $1.2295 from $1.2339
Euro/pound: DOWN at 85.51 pence from 85.52 pence
Dollar/yen: UP at 130.88 yen from 130.56 yen
New York - Dow: DOWN 0.3 percent at 32,899.37 (close)
London - FTSE 100: DOWN 1.5 percent at 7,387.94 (close)
M.Gameiro--PC