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.

Nikkei 225 Closed

S&P/ASX 200 5,390.53 -20.59 -0.38%

Shanghai Composite 2,149.13 -0.43 -0.02%

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.

China Resources Enterprise Ltd., a brewer and retailer with businesses in Hong Kong and mainland China, gained 1.1 percent.