Gloabl Markets: Asian stocks dip as traders await ceasefire news

Asian stocks fell as investors lightened their positions ahead of the weekend while awaiting progress on extending the US-Iran ceasefire, after a rally driven by expectations the truce would be prolonged.The MSCI Asia Pacific Index dropped 0.4%, snapping a three-day rally. The cautious end to the week followed a 10-day rally in global equities that pushed markets to a record high, as traders bet easing tensions will lower oil prices and support economic growth. Wall Street gauges also closed at...