Asian stocks fell in tandem with Wall Street as uncertainty over Federal Reserve interest-rate cuts and stretched technology valuations weighed on equities.

The MSCI Asia Pacific Index fell 1%, with almost three stocks declining for every one that gained. Still, the gauge was poised for its third advance in four weeks. The S&P 500 closed 1.7% lower, while the Nasdaq 100 declined 2.1% Thursday. Attention was also on the pound on Friday, which fell after the Financial Times said UK Chancellor Rachel Reeves was ditching a planned income tax rise.

Treasuries and a gauge of the dollar steadied as investors parsed commentary from Fed officials that cast doubt over a December rate cut. Also, the October jobs report will be released without a reading of the unemployment rate.

The moves dealt a

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