World Shares Fall on Banking Turmoil, Recession Worries

World Shares Fall on Banking Turmoil, Recession Worries
Pedestrians pass by the Hong Kong Stock Exchange electronic screen in Hong Kong, on March 24, 2023. Louise Delmotte/AP Photo
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BANGKOK—Shares fell Friday in Europe and Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street.

Benchmarks declined in most major markets, while U.S. futures were higher. Oil prices fell.