Global shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty.
China blasted the U.S. for issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas.
Oil prices rallied after OPEC+ decided on a modest increase in output beginning in July. It was the third monthly increase in a row.
U.S. benchmark crude oil gained $2.08 to $62.87 per barrel, while Brent crude, the international standard, was up $1.75 at $64.53 per barrel.
In currency trading early Monday, the U.S. dollar fell to 142.91
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