Japan's Nikkei sold off sharply on Monday as investors moved into bonds and other assets perceived as safe amid renewed fears of a global economic slowdown.
The Nikkei share average was last down 3.09 percent at 20,958.79, paring some losses after dipping to its lowest since Feb. 15.
The benchmark index was on track for its steepest daily fall in percentage terms since losing 5 percent in late December.
The broader Topix fell 2.65 percent to 1,574.25, hovering near a two-week low, with all of its 33 subsectors trading in negative territory.
On Friday, the spread between yields of U.S. three-month Treasury bills exceeded those of 10-year notes for the first time since 2007.
Source : Reuters