A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo April 7, 2015. REUTERS/Issei Kato

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MILAN, May 2 (Reuters) – Shares fell and the dollar held near highs in holiday-thinned trading on Monday, as concerns about economic growth lingered ahead of an expected U.S. rate hike this week and after data showed COVID-19 lockdowns slowed China’s factory activity.

MSCI’s benchmark for global stocks (.MIWD00000PUS) was down by 0.4% by 1148 GMT, as European and Asian shares fell following Wall Street’s steep losses on Friday in the wake of a disappointing Amazon update.

Data that signalled a steeper pace of contraction in China’s factory activity dampened risk appetite, although the closure of London and most Asian markets holidays reduced volumes.

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The STOXX 600 (.STOXX) fell 1.2%,…

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