Asian stocks dipped Friday and U.S. futures were steady as a global equity rally paused. Sovereign bonds held gains after investors scaled back expectations for monetary-policy tightening to quell inflation.
Shares fell in Japan and Hong Kong, where developer Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading in the latest sign of stress from China’s troubled property sector. S&P 500, Nasdaq 100 and European futures fluctuated after tech shares led Wall Street to a record high.
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