"Capital is fleeing equities generally," Hiroichi Nishi, SMBC Nikko Securities general manager of equities to AFP news agency. "For Japan, the combination of weaker US stocks, a weaker dollar, and heightened fears over a slowing of global economic growth will be enough to send stocks down," he said.
In Singapore, STI fell 40.9 points to 3,035.09, while in Malaysia, the KLCI was down 17.64 points to 1,784.95.
In Tokyo, the Nikkei-225 index slipped 2.49 per cent, or 382.52 points to 15,009.04. Hong Kong shares eased 2.37 per cent, and Seoul shed 1.7 percent.