- As poor Chinese data buffeted markets, stocks shook and US share futures plummeted, highlighting fears about the global economic outlook.

- An Asian stock index fell from session highs, the dollar strengthened, treasuries rose, and oil fell, indicating renewed investor nervousness.

- In April, China's economy shrank, with Covid lockdowns driving the industrial and consumer sectors to their lowest levels since early 2020.

- Over the weekend, China effectively slashed the interest rate on new mortgages, attempting to strengthen an ailing property market. On Monday, the rate on 1-yr policy loans remained steady.

- A crucial question in the bond market is whether economic concerns will help arrest the treasury selloff in 2022, which has been fuelled by inflation and tighter US monetary policy. The 10-yr US Treasury yield fell to 2.90%.

- Cryptocurrencies fell as stock market sentiment deteriorated. This pushed Bitcoin back above the $30,000 mark.