Asian Stocks Fall After Fisher Speech on Fed Policy

Asian stocks fell after Federal Reserve Bank of Dallas President Richard Fisher said the U.S. central bank should end its record stimulus as soon as possible.

South Korean financial companies including Shinhan Financial Group Co., Mirae Asset Securities Co. and Hana Financial Group Inc. dropped more than 3 percent. Coca-Cola Amatil Ltd., Australia’s largest listed drinks company, slumped 4.7 percent after forecasting 2013 earnings will decline. MStar Semiconductor Inc., an electronics component maker, gained 7 percent to close at a record in Taipei.