TOKYO -- Asian equity markets got slammed Wednesday as investors fled technology shares after semiconductor stocks plummeted in the U.S. Tuesday.

In Japan, the

Nikkei 225

closed down 314.2, or 2%, at 15,513.6 and the

Topix

index, which includes all shares listed on the

Tokyo Stock Exchange

, fell 22.8, or 1.5% to end at 1459.8.

The technology sector naturally took the brunt of the selling, as chipmaker

NEC

(NIPNY)

tanked 120 yen, or 5.3%, to 2,150 ($19.93),

Fujitsu

fell 120 yen, or 5.2%, to 2,205 and tech bellwether

Sony

(SNE) - Get Report

closed down 370 yen, or 3.5%, to 10,280.

Things also got ugly for telcos, with

Nippon Telegraph & Telephone

(NTT)

dropping 60,000 yen, or 5.1%, to 1.12 million, and wireless operator

NTT DoCoMo

ending off 60,000 yen, or 1.9%, to 3.16 million.

The dollar was trading down to 107.86 yen from 108.51 Tuesday.

South Korea's stock market was one of the region's hardest hit Wednesday, as the exchange was forced to stop trade temporarily on some futures contracts due to heavy losses. The

Kospi

index closed off 31.2, or 5.3%, at 557.2, as investors pummeled tech shares.

Elsewhere, Taiwan's

TWSE

index fell 168.9, or 2.7%, to 6040.6, after returning from a holiday Tuesday. Hong Kong's

Hang Seng

index fell 427.1, or 2.8%, to 15,127.0. Index leviathan

China Mobile

(CHL) - Get Report

continued a massive three-day losing streak, falling HK$2.00, or 3.6%, to 53.50 ($6.86).