Asian stocks decline with the continued volatility in global equity markets

Asian stocks fell during Wednesday's trading in light of the continuing fluctuations global equity markets after the big sell-off that took place earlier this week, as Japanese stocks fell to record further losses after it experienced the biggest daily drop since last August.

MSCI Asia Pacific Index fell 0.9 percent to the level of 117.06 points, its lowest level since January 21, this comes with a continued decline in crude oil prices and its negative impact on the shares of the oil and energy companies, which leads the decline.

Also expectations about the future growth in the global economy have increased sales to Japanese equities for the benefit of government bonds operations, so that return rate reached the zero level.

Stock marketsremain closed in a number of Asian countries, led by China because of the continuing celebration of lunar new year holidays.

Japanese stocks fell on the day, as the TOPIX index in Japan fell by 1.93%, to face 19.53-point deduction to  reach the level of 994.62, while for the Nikkei main 225 Japanese shares fell by 1.92%, losing 309.63 points, to reach the level of 15775.81.