- Pakistan 122-1 at lunch in first England Test
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- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
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- Mourners pay tribute to latest victims of deadly Channel crossing
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- 'We will win!': Mozambique's ruling party confident at final vote rally
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- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
Asian markets, oil prices extend losses on recession worries
Asian markets fell again Monday and oil prices extended losses on growing fears that central bank moves to rein in soaring inflation will induce a recession.
The losses come after a sell-off last week fuelled by the Federal Reserve's sharp interest rate hike last week -- the biggest in nearly 30 years -- and a warning of more to come, while increases in Britain and Switzerland added to the gloom.
And while the S&P 500 and Nasdaq saw gains on Friday, there is a sense that indexes still have some way down to go before they find a bottom, with economic data suggesting economies are beginning to feel the pinch.
Cleveland Fed chief Loretta Mester added to the worry, saying that the risk of a recession in the United States was increasing and it would take several years to bring inflation down from four decade highs to the bank's two percent target.
She told CBS's "Face The Nation" on Sunday that while she was not predicting a contraction, the Fed's decision not to act sooner to fight rising prices was hurting the economy.
In early trade, Asian traders were struggling, with Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Seoul, Taipei, Jakarta and Wellington all in the red.
Analysts warned there was likely to be more pain ahead for traders as the Ukraine war drags on and uncertainty continues to reign.
"Central banks' hawkish rhetoric and concerns over a global economic slowdown/recession (are) not helping sentiment and at this stage it is hard to see a turn in fortunes until we see evidence of a material ease in inflationary pressures," said National Australia Bank's Rodrigo Catril.
And Stephen Innes of SPI Asset Management added: "Most of these major central banks are praying for some relief from inflation and hoping the data falls in line, but unless there is a detent in the Ukraine -Russia war, escalation will continue to drive energy price fears so it could be a tough road ahead."
Still, oil prices fell further Monday after suffering a hefty drop Friday caused by demand worries caused by a possible recession.
However, US Energy Secretary Jennifer Granholm said prices could continue to surge if the European Union cuts off imports of the commodity from Russia in response to the Ukraine war.
She said Joe Biden had called on global suppliers to ramp up output to help temper the price rises, with the president to discuss the issue at an upcoming visit to Saudi Arabia next month.
- Key figures at around 0245 GMT -
Tokyo - Nikkei 225: DOWN 1.7 percent at 25,534.68 (close)
Hong Kong - Hang Seng Index: DOWN 0.4 percent at 21,001.43
Shanghai - Composite: DOWN 0.3 percent at 3,308.08
Dollar/yen: DOWN at 134.85 yen from 134.99 yen late Friday
Pound/dollar: DOWN at $1.2219 from $1.2221
Euro/dollar: UP at $1.0509 from $1.0493
Euro/pound: UP at 86.00 pence from 85.83 pence
West Texas Intermediate: DOWN 0.5 percent at $108.98
Brent North Sea crude: DOWN 0.5 percent at $112.56 a barrel
New York - Dow: DOWN 0.1 percent at 29,888.78 (close)
London - FTSE 100: DOWN 0.4 percent at 7,016.25 (close)
-- Bloomberg News contributed to this story --
A.P.Maia--PC