World stock markets fell further Friday following a downbeat session in Asia, and after Wall Street's Trump-fueled surge finally came to an end. European equities staggered lower with London sentiment also dented by news of a fresh drop in retail sales.Asian indices mostly dipped as investors cashed out after a healthy run since last week, and after Wall Street's Donald Trump-fueled surge came to an end."European markets have struggled to gain traction this morning following on from last night's weaker performance from U.S. equities," noted CMC Markets analyst Michael Hewson.New York had finished a mixed Thursday as a five-day streak of record highs finally began to show signs of fatigue. Stocks around the world are sharply higher since the U.S. president pledged last week a "phenomenal" tax reform package soon, raising hopes he would press on with plans to fire up the U.S. economy.The remarks were the spark for all three main Wall Street indices to hit record highs for five successive days, with help also coming from Federal Reserve boss Janet Yellen's upbeat assessment of the outlook for the U.S. and hints at a March interest rate hike. There remained a lot of uncertainty, particularly with Trump's first weeks in office engulfed in controversies, most recently over his relationship with Russia, dealers said. Hong Kong stocks - which this week hit highs not seen since summer 2015 - fell 0.3 percent while Shanghai shed 0.9 percent by the close. Sydney eased 0.2 percent and Seoul dropped 0.1 percent, while Tokyo lost 0.6 percent.