Asia Stocks Fall From Four-Month High Before Fed Meeting

Asian stocks fell, with the benchmark regional index declining from a four-month high, as the U.S. Federal Reserve begins a two-day policy meeting at which it’s forecast to reduce the pace of bond buying.

Samsung Electronics Co., Asia’s biggest technology company, sank 2.7 percent in Seoul, retreating from the highest level since May. Daiichi Sankyo Co., which owns 64 percent of Ranbaxy Laboratories Ltd., tumbled 6.8 percent in Tokyo after U.S. regulators restricted imports from one of the Indian drugmaker’s facilities. Wing Hang Bank Ltd. soared a record 39 percent in Hong Kong after saying shareholders were approached for a takeover bid.