* Stock markets tumble as tech stocks sell off

* Inflation angst lingers across assets

* Commodities take breather after rapid rise

* Global asset performance http://tmsnrt.rs/2yaDPgn

* World FX rates http://tmsnrt.rs/2egbfVh (Adds European open)

By Marc Jones

LONDON, May 11 (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, Frankfurt’s DAX and the CAC 40 in Paris all dropped roughly 2%.

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

With talk of tighter regulation from Beijing, Chinese tech heavyweights Baidu, Alibaba Tencent , collectively dubbed the BATs, all dropped…

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