Asian stocks, Wall Street futures engulfed by inflation concerns amid higher oil prices: Market Wrap

Shares in Asia fell on Thursday and bonds were again on the back foot due to the impact of high inflation. MSCI Inc. The U.S. Asia-Pacific Equity Index declined as stocks in Japan, China and Hong Kong struggled for traction. Chinese tech stocks edged lower. US futures fell as Wall Street closed a two-day rally. Oil prices climbed above $122 a barrel, raising concerns about rising costs and monetary tightness. Hindustan Unilever, HDFC AMC, Tata Steel, Asian Paints are among the stocks that turn ex-dividend very soon; see full list…