- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- 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
Markets tumble on China lockdowns, rate hike fears
Stock markets and oil prices slumped Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a world economy battling decades-high inflation.
The losses extended last week's sell-off triggered by Federal Reserve boss Jerome Powell indicating that the US central bank would hike interest rates by half a percentage point next month and possibly several times more this year.
That has lent strong support to the dollar, which is benefitting also from its traditional haven status.
Dollar-denominated oil prices tumbled more than five percent Monday.
Among the world's major stock markets, Shanghai led the losses, closing down more than five percent.
Wall Street started lower, though losses were less sharp than in Europe and Asia, with the tech-rich Nasdaq Composite Index down 0.8 percent shortly after the open.
Twitter shares climbed following reports the company will soon accept Elon Musk's takeover offer.
In Europe, Paris shed 1.9 percent in late deals.
French President Emmanuel Macron is set to begin efforts to unite a deeply divided nation after winning re-election Sunday in a battle against rival Marine Le Pen that saw the far right come its closest to taking power.
The euro and yuan slid against the dollar, while sterling lost one percent to hit a 19-month low at $1.2705.
"The markets have fallen out of bed... in a big way," noted AJ Bell investment director Russ Mould.
"The prospect of further restrictions in China could lead to a poisonous mix of further inflationary pressure, as supply chains in the so-called 'factory of the world' get disrupted, and weaker economic growth."
Officials in finance hub Shanghai reported 51 deaths Monday, its highest daily toll despite weeks of strict containment measures, while Beijing warned of a "grim" situation as infections rise.
Investors were already fleeing risk assets as they become worried that the Fed tightening will knock the pandemic economic recovery off course and dent companies' bottom line.
"The surge in energy, as well as food prices, has started to see consumers prioritise where they spend their money," noted Michael Hewson, chief market analyst at CMC Markets UK.
Oil prices sank Monday on fears that China's worsening Covid outbreak could slam demand from the major energy consumer.
"As China is the second largest economy in the world, the situation... has a big impact on commodity markets," said XTB analyst Walid Koudmani.
Metals prices also slumped on Monday, as did share prices of energy and mining companies.
Elsewhere in Asia, Sri Lanka's stock market halted trading after a nearly 13 percent plunge as the island nation's beleaguered government is under pressure to resign over a crippling economic crisis.
- Key figures at 1400 GMT -
New York - Dow: DOWN 1.2 percent at 33,412.66 points
London - FTSE 100: DOWN 1.7 percent at 7,390.63
Paris - CAC 40: DOWN 1.9 percent at 6,459.47
Frankfurt - DAX: DOWN 1.4 percent at 13,940.89
EURO STOXX 50: DOWN 1.9 percent at 3,767.33
Tokyo - Nikkei 225: DOWN 1.9 percent at 26,590.78 (close)
Hong Kong - Hang Seng Index: DOWN 3.7 percent at 19,869.34 (close)
Shanghai - Composite: DOWN 5.1 percent at 2,928.51 (close)
Brent North Sea crude: DOWN 5.4 percent at $100.86 per barrel
West Texas Intermediate: DOWN 5.6 percent at $96.40 per barrel
Euro/dollar: DOWN at $1.0716 from $1.0801 late on Friday
Pound/dollar: DOWN at $1.2719 from $1.2834
Euro/pound: UP at 84.25 pence from 84.14 pence
Dollar/yen: DOWN at 127.73 yen from 128.51 yen
burs-bcp/rl
G.Teles--PC