Asian stocks fall on Fed's interest rate hike

Taiwan Semiconductor Manufacturing Co (台積電), the world's biggest supplier of made-to-order chips, slid 4.6 percent yesterday, leaving it unchanged for the week at NT$46.20.

Hynix Semiconductor Inc, the world's third-largest maker of computer- memory chips, lost 4 percent yesterday to 12,100 won. It gained 3.4 percent in the week.

"I find it difficult to raise my exposure to technology stocks because the prospects for substantial further growth are quite limited," said Masanao Yoshitake, who helps manage the equivalent of US$2.5 billion at Meiji Dresdner Asset Management Co in Tokyo.

Yoshitake said he sold his remaining stakes in Tokyo.