Stocks Stall, Oil Cools, Evergrande and Lira Fall

Stocks Stall, Oil Cools, Evergrande and Lira Fall
A currency trader walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea on Oct. 21, 2021. Lee Jin-man/AP Photo
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LONDON—World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields.

Turkey’s lira was backsliding towards record lows with the central bank expected to chop its interest rates again later and China Evergrande was back in the firing line after it had been forced to abandon a $2.6 billion stake.