FANGS and BATS sell-off spooks world stocks – Reuters

FANGS and BATS sell-off spooks world stocks – Reuters

Global stock markets were set for a second day of sharp losses on Tuesday as the combination of inflation worries and an anti-monopoly drive in China sent the world’s mightiest tech giants tumbling.

Europe had touched a record high on Monday but its restart was a sea of red as London's FTSE (.FTSE), Frankfurt's DAX (.GDAXI) and the CAC 40 in Paris (.FCHE) all dropped roughly 2%.

Asia's main regional equity gauges (.MIAPJ0000PUS) had suffered their biggest slide in nearly two months overnight, with Japan's Nikkei (.N225) and Hong Kong's Hang Seng (.HSI) both closing down 3%.