- Tony Popovic set to become new Socceroos coach - reports
- All-round Ashwin powers India to big Test win over Bangladesh
- NZ chase 275 to win first Sri Lanka Test after Patel bags six
- Ashwin bags six wickets as India hammer Bangladesh in first Test
- Nascent French government under pressure on multiple fronts
- Angry French cognac makers see red over Chinese tariffs threat
- Protect the prosciutto: Italy battles swine fever
- UN holds 'Summit of the Future' to tackle global crises
- Marxist leader set to become Sri Lanka's next president
- From blades to pull-up bars: UK charity tackles knife crime
- Swiss vote on pensions and environment protections
- No pain, no gain: Chinese pro wrestlers fight for recognition
- UAE leader seeks to deepen 'strategic' ties in US visit during Mideast crisis
- Hezbollah takes heavy hits but still fighting Israel
- Floods, landslides hit central Japan months after major quake
- All Blacks coach Robertson demands better finishing
- Argentina edge South Africa to keep title hopes alive
- Biden says China 'testing us,' in hot mic remarks to Quad allies
- Dubois destroys Joshua to retain IBF world heavyweight crown
- Guardiola says critics want Man City wiped 'from face of the Earth'
- Biden says 'Quad' is 'here to stay' despite challenges
- Dubois knocks out Joshua to retain IBF world heavyweight crown
- Vinicius helps 'faster' Madrid overturn stubborn Espanyol
- Zelensky to press US on long-range missile strikes inside Russia
- PSG drop first points in draw at Reims
- Vinicius, Mbappe on target as Madrid crush plucky Espanyol
- Jeeno leads Ko by two at LPGA Queen City Championship
- Bottega Veneta goes for 'E.T.' chic as Madonna pops into D&G
- Messi, Miami frustrated by New York late leveler
- Musk's X platform takes first step toward lifting Brazil ban
- 'Business as usual' for Australia match-winner Carey amid boos
- Israeli jets pound Lebanon after deadly Beirut strike
- Ten Hag bemoans Man Utd's lack of killer instinct in Palace stalemate
- France's Macron appoints new government in shift to right
- Cheika proud of Leicester grit after winning start as boss
- Profligate Man Utd pay price in 0-0 draw at Palace
- Kane, Olise run riot as Bayern thump Bremen
- Diaz fires Liverpool top of Premier League, Man Utd held at Palace
- LIV champion Rahm out of LIV Team semis with severe flu
- Slot surprised by tearful Nunez's moment of magic
- Title rivals Norris, Verstappen on 'cool' front row for Singapore GP
- Biden talks China with 'Quad' leaders in hometown summit
- Juve and Napoli play out goalless draw in early Serie A title tussle
- Alcaraz fears tennis tour grind will 'kill us'
- Carey sparks recovery as Australia thrash England in 2nd ODI
- Leclerc, Sainz lament 'disappointing' Saturday in Singapore
- Bottega Veneta holds investors' aces as Madonna pops into D&G
- Beirut digs for victims at building flattened in Israeli strike
- Verstappen stages protest over 'ridiculous' swearing punishment
- Bayern boss Kompany lauds 'special talent' Olise
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
M.Odermatt--BTB