Tokyo — Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike in December, paring gains made earlier this week after US midterm elections triggered a global equities rally. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1% and was headed for a loss of 1% for the week. On Thursday, the index hit its highest level since October 8. Australian stocks slipped 0.4%, South Korea’s Kopsi edged down 0.3% and Japan’s Nikkei shed 0.8%. Hong Kong’s Hang Seng lost 1.9% and the Shanghai Composite Index fell 0.8%. The Fed held interest rates steady on Thursday but remained on track to continue gradually raising borrowing costs, pointing to healthy economic prospects that were marred only by a dip in the growth of business investment. The central bank has hiked US interest rates three times so far in 2018 and is widely expected to do so again in December. The S&P 500 lost 0.25% and the Nasdaq shed 0.5...
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