World share prices fell on Tuesday, snapping their longest winning streak since February after Chinese trade data gave a further sign the world's economic growth engine is sputtering and a big fall in oil prices triggered profit-taking.

Chinese imports plunged 20 percent in September, casting doubt on the strength of domestic demand in the economy, while oil fell more than 5 percent overnight after a report that OPEC continued to boost production.

Those factors overshadowed a bumper corporate merger deal, which saw the world's largest brewer Anheuser-Busch InBev (ABI.BR) take over SABMiller (SAB.L) in a cash and share package worth 68 billion pounds ($104.4 billion).

Bond yields and emerging market currencies fell too, while dimming prospects of a U.S. interest rate hike this year pushed the dollar lower and lifted the euro above $1.14 for the first time in a month.

"Many countries ... rely heavily on sales to China so unless this demand picks up in the coming quarters, not only are we going to see below 7 percent growth in the world's second-largest economy, it's going to decline sharply for many of its trade partners as well," said Craig Erlam, senior market analyst at Oanda in London.

The MSCI world share index fell 0.5 percent .MIWD00000PUS, its first fall in 10 sessions, ending the longest winning streak since February.

The FTSEuroFirst 300 index of leading European shares was down 1.4 percent at 1,409 points .FTEU3, Germany's DAX was down 1.5 percent .GDAXI, France's CAC 40 was down 1.9 percent .FCHI and Britain's FTSE 100 was down 0.9 percent .FTSE.

The ZEW survey for October from Germany, which will capture investor sentiment following recent market volatility and the U.S. Federal Reserve's decision to stand pat on rates, could give European markets direction later on Tuesday.

In Asia earlier, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1 percent from a two-month high touched on Monday, while Japan's Nikkei .N225 fell 1.1 percent.

Futures markets pointed to a fall of around 0.5 percent at the open on Wall Street ESc1.