Stock market today: World shares mostly lower after US manufacturing slips in May

Shares in Europe and Asia were mostly lower on Tuesday after a report showed that U.S. manufacturing contracted in May. Oil prices fell more than $1 a barrel and U.S. futures also declined. India’s Sensex dropped as much as 8% as investors who had bought shares after exit polls showed Prime Minister Narendra Modi winning a third term sold to lock in profits. By mid-afternoon, the Sensex in Mumbai was down 5.7% at 72,079.05 as the vote count for the country’s six-week-long national election…