Stocks shy from breaking new highs as trade mood darkens

TOKYO/HONG KONG (Reuters) - Asian shares slipped on Friday, knocking a global stock index off its path to hitting an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.MSCI All Country world index , whichtracks shares in 49 countries, was down 0.39% at 548.48, less than 0.4% away from all-time peak hit in January last year before the start of U.S.-China trade war.European stocks look set to start..