Shaky Stock Markets: Wall Street selloff triggers global fall

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Stock markets were in a bad mood on Monday after a big sell-off on Wall Street last Friday.

Hong Kong's Hang Seng index sank 1.1 percent Monday while Japan's Nikkei 225 stumbled 2.6 percent. European stocks also registered a sharp drop at the open. The STOXX 600 already has lost 1.5 percent three hours from closing, on track for its sixth straight day of decline. The Wall Street sell-off was caused by concerns over inflation, a possible U.S. interest rate increase and rising bond yields.