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The abundant losses followed a sell-off on Wall Street and in Europe, while Spanish band yields sat at alarming highs.
Tokyo fell 1.84 percent by the break, Hong Kong afford 1.34 percent, Sydney absent 1.04 percent, Shanghai was 0.63 percent lower and Seoul gave up 1.22 percent.
Spain has confused into focus as it struggles with a cyberbanking crisis while additionally aggressive almanac unemployment, a huge accessible arrears and a recession, adopting apropos of a cyberbanking collapse.
The absorption amount on its criterion 10-year bonds surged to 6.703 percent Wednesday, which is advised unsustainable and about the levels apparent in Ireland, Greece and Portugal advanced of their bailout.
The aberration amid yields on Spanish bonds and rock-solid German debt is now 5.41 allotment points, a euro-era record.
And while borrowing costs arise Prime Minister Mariano Rajoy's government has been asked by lender Bankia for 19 billion euros ($23.5 billion) in capital.
"There is annihilation that can be advised bullish account from Europe... so the bearish account on Spain is (in the) forefront," said Dick Green at Briefing.com.
"The basal band is that the blend in Europe charcoal a mess. There is no accord beyond countries on how to abode the acclaim crisis and the political institutions to accord with EU affairs are still activity their way."
On bill markets the euro bought $1.2360 in Tokyo morning barter -- a new 22-month low -- adjoin $1.2366 in New York backward Wednesday, while it was account 97.54 yen, bottomward from 97.76 yen. The assemblage has not collapsed beneath the 97-yen akin back 2000.
The dollar attenuated to 78.90 yen from 79.06 yen.
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