- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Tokyo recovers some losses to lead Asian markets higher
- Rural schools empty in North Macedonia due to exodus
- US dockworkers launch strike after labor contract expires
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Kenya airport whistleblower fears for his life
- Sheinbaum to take office as Mexico's first woman president
- Scientists fear underfunded Argentina research on verge of collapse
- US port officials gird for strike despite last-minute bargaining
- With 118 dead from Hurricane Helene, Biden defends US government response
- Breeder who tried to create enormous trophy sheep jailed in US
- Qatar Airways seeking 25% stake in Virgin Australia
- US port officials gird for strike as labor talks stay stuck
- As toll crosses 100, Trump puts Hurricane Helene at election center stage
- US Fed Chair sees 'further disinflation' in economy
- Epic Games sues Google and Samsung over app store
- Officials see no shortages from likely US port strike
- UK families of Gaza hostages warn Lebanon attack 'takes focus away'
- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
- Nepal dam-building spree powers electric vehicle boom
- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
Oil prices slide on China fears; Twitter rises on Musk deal
Oil prices tumbled Monday along with equities in Europe and Asia on worries over a worsening Covid-19 outbreak in China, while US stocks finished a volatile session higher as Elon Musk sealed a deal to acquire Twitter.
Crude prices dove more than three percent on growing concerns over Chinese lockdowns in response to its latest Covid-19 wave. Dollar-denominated oil has also been pressured by the higher dollar.
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.
Among the world's major stock markets, Shanghai led the losses, closing down more than five percent.
"Selling is widespread across global markets and asset classes, indicating that we could be on the cusp of a much bigger leg lower," said market analyst Chris Beauchamp at online trading platform IG.
In Europe, Paris shed 2.0 percent after French President Emmanuel Macron won re-election Sunday in a battle against rival Marine Le Pen.
Macron now faces the challenge of uniting a deeply divided nation with legislative elections fast approaching in which he could lose control of parliament.
Wall Street stocks also spent much of the day in the red, but ultimately forged higher, with gains accelerating after the Twitter deal was announced.
Briefing.com analyst Patrick O'Hare attributed the rally to bargain hunting after the S&P 500 slipped as low as 4,200, a level that triggered buy orders.
Investors are cautious ahead of upcoming earnings from tech giants including Apple, Amazon and Microsoft, which are significant components of major indices and usually outperform.
"Everyone's on heightened alert after the disappointment over Netflix," which last week suffered grievous losses after reporting disappointing earnings, O'Hare said.
Twitter jumped 5.7 percent after Musk announced a deal to buy the social media network for $44 billion.
Twitter agreed to the deal in an about-face from earlier resistance after Musk announced a financing plan that included $21 billion from his personal fortune.
- Key figures at 2140 GMT -
New York - Dow: UP 0.7 percent at 34,049.46 (close)
New York - S&P 500: UP 0.6 percent at 4,296.12 (close)
New York - Nasdaq: UP 1.3 percent at 13,004.85 (close)
London - FTSE 100: DOWN 1.9 percent at 7,380.54 (close)
Paris - CAC 40: DOWN 2.0 percent at 6,449.38 (close)
Frankfurt - DAX: DOWN 1.5 percent at 13,924.17 (close)
EURO STOXX 50: DOWN 2.2 percent at 3,757.59 (close)
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 4.1 percent at $102.32 per barrel
West Texas Intermediate: DOWN 3.5 percent at $98.54 per barrel
Euro/dollar: DOWN at $1.0716 from $1.0790 late on Friday
Pound/dollar: DOWN at $1.2744 from $1.2839
Euro/pound: UP at 84.05 pence from 84.04 pence
Dollar/yen: DOWN at 128.15 yen from 128.50 yen
burs-jmb/caw
H.Cho--CPN