(Updates with U.S. markets, adds dateline; previous London)
* 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
By Koh Gui Qing and Marc Jones
NEW YORK/LONDON, May 11 (Reuters) - U.S. stocks tumbled on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which struggled at a 2-1/2-month low.
Technology stocks were among the biggest losers, mirroring a sell-off in other technology stocks overnight in China, where talk of tighter regulation sent shares skidding.
The Nasdaq Composite .IXIC lost 1.3%, the Dow Jones Industrial Average .DJI shed 1.7% and the S&P 500 .SPX fell 1.6%.
"Commodities and inflation risks remained a key focus for investors amid mixed and choppy price action across global markets," said Chris Collins, an economist at Morgan Stanley (NYSE:MS).
Bets that inflation could accelerate in coming months burst into the fore on Monday when U.S. five-year breakevens - a measure of inflation expectations - jumped a decade-high 2.717%.
Concerns about mounting price pressures have weighed on the dollar as investors bet it could erode the currency's value. The dollar index =USD , which measures the greenback against six major currencies, slipped 0.12% to 90.123, after touching a low of 89.979.
In keeping with market worries about a pick-up in inflation, the yield on benchmark 10-year Treasuries US10YT=RR edged up to 1.6288%.
Oil prices gave up early gains as concerns that rising COVID-19 cases in Asia will dampen demand outweighed expectations that a major U.S. fuel pipeline could restart swiftly. crude CLc1 dipped 0.43% to $64.66 a barrel. Brent crude LCOc1 fell 0.35% to $68.10 per barrel.
In metal markets, copper started to edge higher again. It was last at $10,530 a tonne having hit a record high $10,747.50 the previous session. MET/L
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https://tmsnrt.rs/3eDpkcU China's BAT (LON:BATS) tech stocks hit by anti-monopoly drive
https://tmsnrt.rs/3vV7Kqq
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