Asian stocks traded sharply lower on Wednesday, after Wall Street sold off as much as 2 percent overnight amid a plunge in oil prices. Japan's Nikkei 225 dropped 3.66 percent, while the Topix fell 3.46 percent.
Across the Korean Strait, the Kospi slumped 1.11 percent in morning trade. Australia's ASX 200 traded down 1.91 percent, with all sectors in the red.
The energy sector was down 3.30 percent, while financials and materials saw losses of 1.91 and 2.78 percent, respectively.