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Asia stocks pull back from 1-mth high as Fed tempers rally
Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 percent and was headed for a loss of 1 percent for the week. On Thursday, the index hit its highest level since Oct. 8. Australian stocks slipped 0.4 percent, South Korea's KOSPI edged down 0.3 percent and Japan's Nikkei shed 0.8 percent. Hong Kong's Hang Seng lost 1.9 percent and the Shanghai Composite Index ... (full story)