Asian stocks closed at session lows on Thursday with most major indices losing over 1 percent as technology and resource plays were sold off on concerns of sluggish economic growth.
Sydney's S&P ASX 200 index finished down 1.6 percent, hurt by the sell off in commodities while the Nikkei eased 1.2 percent and the Kospi barely managed to close above a fresh 2013 low thanks to weakness in tech shares.
Analysts say a multitude of factors contributed to Asia's bearish tone.
"Traders are pricing in the slowdown in China, U.S. earnings have been lackluster overnight, and, following the footsteps of the World Bank, the IMF warns of the risks of excessive easing and downgraded global growth," wrote Kelly Teoh, market strategist at IG Markets.
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