Ongoing worries over China's economy weighed Asian equity markets down on Wednesday, while overnight losses on Wall Street further ignited a flight-to-safety.
Copper was given the spotlight for the day as prices fell to their lowest level in nearly four years overnight. Selling was intensified by worries about cooling Chinese demand and the liquidation of inventories used for finance deals.
Tai Hui, Chief Market Strategist Asia at J.P. Morgan Funds, told CNBC's Asia Squawk Box, "The timing of this volatility coincided with a level of pessimism on China that we haven't seen for quite some time.
(Read more: Traders watch to see why copper getting scorched)
"As a result, people are starting to backtrack every step along the way. In that sense, the collateral use of copper, steel and iron may be more of a negative story in the near term," he added.
Wall Street shares declined on Tuesday on commodity jitters, while concerns about Ukraine lingered and investors awaited signals on the state of the economy.