Japan's Nikkei tumbled to a more than two-week low on Wednesday morning, weighed by companies with large exposure to China, such as those in the chip sector, reflecting persistent concerns about U.S.-China trade frictions.
The worries about the trade war and its impact on global growth drove the a rally in world and local bonds and a selloff in financial stocks.
The Nikkei share average dropped 1.4% to 20,966.00 in midmorning trade, after falling to as low as 20,884.61, the lowest level since May 14. The broader Topix dropped 0.8% to 1,537.96.
Source : Reuters