Global stock markets fall sharply amid fears over inflation and China slowdown

FTSE 100 and S&P 500 among those to slide as investors worry that worldwide growth is weakening

Global markets fell sharply on Monday as fears over rising inflation and a slowdown in China's export growth fuelled worries about the health of the world economy.

Stocks in Asia-Pacific markets, Europe and the US all dropped into the red as investors fretted that global growth is weakening, at a time when central banks are raising interest rates to rein in surging inflation.