Shares in the Asia-Pacific traded lower on Thursday as economic fears weigh.
The Japanese yen weakened past 150 per U.S. dollar late in Asia's afternoon, a 32-year low against the greenback. It last traded at 149.85 per dollar.
The Hang Seng index in Hong Kong pared some of its earlier losses and traded 1.33% lower in the final hour of trade after dipping 3%, hitting its lowest level since May 2009. The Hang Seng Tech index was 2.08% lower.
The offshore yuan strengthened after Bloomberg reported that officials are debating reducing Covid quarantines to 7 days from 10 days, and was last at 7.2527 per dollar. The currency earlier touched a record low against the U.S. dollar overnight at 7.2786.
In mainland China, the Shanghai Composite closed 0.31% lower at 3,035.05 after struggling for direction, while the Shenzhen Component shed 0.561% to 10,965.33.
In Japan, the Nikkei 225 lost 0.92% to 27,006.96 and the Topix shed 0.51% to 1,895.41. The S&P/ASX 200 in Australia declined 1.02% to 6,730.70.
South Korea's Kospi dipped 0.86% to 2,218.09 and the Kosdaq was 1.47% lower at 680.44. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.87%.
U.S. stocks fell as Treasury yields climbed on Wednesday stateside, and the benchmark 10-year yield touched 4.174% on Thursday in Asia, the highest level since July 23, 2008.
The Nasdaq Composite shed 0.85% to close at 10,680.51, while the S&P 500 declined 0.67% to 3,695.16. The Dow Jones Industrial Average lost 99.99 points, or 0.33%, to finish the day at 30,423.81.
— CNBC's Chery Kang, Jesse Pound and Tanaya Macheel contributed to this report.