Shares in Asia declined in Wednesday morning trade after stocks on Wall Street plunged for a second day -- as investors scrambled for safety amid concerns over the coronavirus outbreak beyond China.
The Nikkei 225 slipped 1.07% in early trade after dropping more than 3% on Tuesday. The Topix index also saw a 1.07% decline. South Korea’s Kospi also fell 1.79% while the Kosdaq dropped 1.62%.
In Australia, the S&P/ASX 200 was down 1.74% as the sectors traded lower.
Overall, the MSCI Asia ex-Japan index traded 0.59% lower.