Stocks Fall, Oil Tops $110 a Barrel as Ukraine War Rages

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, on March 2, 2022. Kin Cheung/AP Photo

BEIJING—Global stock markets slid Wednesday and oil prices surged more than $7 per barrel as Russian forces stepped up attacks on Ukrainian cities.

Frankfurt, Shanghai, Tokyo, and Paris declined as President Vladimir Putin’s invasion fed fears of global economic turmoil. London opened higher.